ΕΛΕΓΧΟΣ ΤΗΣ ΟΥΔΕΤΕΡΟΤΗΤΟΣ ΤΟΥ ΧΡΗΜΑΤΟΣ Σ' ΕΝΑ ΜΑΚΡΟΟΙΚΟΝΟΜΙΚΟ ΥΠΟΔΕΙΓΜΑ ΤΗΣ ΕΛΛΗΝΙΚΗΣ ΟΙΚΟΝΟΜΙΑΣ ΥΠΟ ΚΑΘΕΣΤΩΣ ΟΡΘΟΛΟΓΙΚΩΝ ΠΡΟΒΛΕΨΕΩΝ: 1954-1980

THIS DISSERTATION DEVELOPS AND ESTIMATES, USING ANNUAL DATA FROM 1954 TO 1980,A SMALL NEOCLASSICAL MODEL OF THE GREEK ECONOMY. THE MODEL IS "MONETARIST" ASTHE DEMAND FOR OUTPUT IS DERIVED FROM THE DEMAND FOR MONEY FUNCTION. IN THIS MODEL OUTPUT IS AFFECTED ONLY BY ACTUAL AND ANTICIPATED MONETARY GROWTH WHEREAS THE PRICE LEVEL IS INFLUENCED BY BOTH ACTUAL AND ANTICIPATED CHANGES IN MONEY SUPPLY, USING SINGLE EQUATION AND SIMULTANEOUS EQUATION TECHNIQUES. A SECTION OF THIS DISSERTATION WAS DEVOTED TO AN ATTEMPT TO DIFFERENTIATED BETWEEN THE BAGS DUE TO PARTIAL ADJUSTMENT IN THE DEMAND FOR MONEY, AND THE BAGS DUE TO PARTIAL ADJUSTMENT IN THE LEVEL OF PRICES. A MAIN CONCLUSION OF THIS WORK WAS THAT IN EACH PERIOD ONLY A FRACTION OF THE GAP BETWEEN ACTUAL AND EQUILIBRIUM PRICES IS CLOSED, AND AS CONSEQUENCE ANTICIPATED MONETARY POLICY MAY HAVE A SIGNIFICANT STABILIZATION RATE TO PLAY IN THE SHORT-RUN, UNLESS IF THE ECONOMIC AGENTS ARE ABLE TO OFFSET THE EFFECTS OF ANTICIPATED (AND ACTUAL) CHANGES IN MONETARY POLICY.

Grantor dc:publisher

University of Piraeus (UNIPI)

Year dc:date

1986

Author dc:creator

• Παλαιολόγος, Ιωάννης

• ΜΑΚΡΟΟΙΚΟΝΟΜΙΚΟ ΥΠΟΔΕΙΓΜΑ
• ΟΙΚΟΝΟΜΙΚΕΣ ΕΠΙΣΤΗΜΕΣ
• ΟΡΘΟΛΟΓΙΚΕΣ ΠΡΟΒΛΕΨΕΙΣ
• ΟΥΔΕΤΕΡΟΤΗΤΑ ΤΟΥ ΧΡΗΜΑΤΟΣ
• Macroeconomic models
• NEUTRALITY OF MONEY
• Rational expectations
• Κοινωνικές Επιστήμες
• Οικονομικά και Επιχειρήσεις
• Social Sciences
• Economics and Business

Language dc:language

gre

Identifier

10.12681/eadd/0239

OAI identifier oai:identifier

oai:10442/0239