usemoney=10

Today and Thursday we will complete the sections on money demand.
Last Tuesday I went over the article by Miller and Orr on money demand. 
In the previous class we reviewed the article by Laibson on consumption. 
I think that both of these are examples of good modern economics.  Or I might have said
both of these are good examples of modern economics.
They are examples where the modeling is specifically adapted to the situation in quite a
detailed way and then because of it we get different results that are more sensible than
what we would get if we had not made that adaptation.
Last Thursday we saw the Miller and Orr model of the demand for money.
This time I will give you two applications of that model:
1. to money demand
2. to aggregate price behavior

[此贴子已经被nlm0402于2009-5-6 6:29:39编辑过]