The Demand for Durable Goods: Permanent or Transitory Income?

1962 ◽  
Vol 70 (5, Part 1) ◽  
pp. 500-504 ◽  
Author(s):  
Paul E. Smith
Keyword(s):  
Durable Goods ◽  
Transitory Income

scholarly journals Monetary Anticipations and the Demand for Money: An Application for the South Asian Region

1987 ◽  
Vol 26 (4) ◽  
pp. 529-539
Author(s):  
Ather Maqsood Ahmed ◽  
Mohammad Rafiq
Keyword(s):  
Money Supply ◽  
Money Demand ◽  
Durable Goods ◽  
Demand Function ◽  
Shock Absorber ◽  
Demand For Money ◽  
Money Demand Function ◽  
Transitory Income ◽  
Consumer Durable ◽  
Definition Of

While there are a number of issues in economics which are frequently scrutinized, the most important of them probably is the determination of a stable money demand function. Other issues in this regard relate to the choice between (i) broad vs. narrow definition of money; (ii) measured vs. permanent income; (iii) short-term vs. long-term interest rate; and (iv) inclusion of a variable for inflation or expected inflation. Quite recently, a new dimension has been added to the demand for money function. It is now argued that unanticipatory changes in the nominal money supply also affect the real demand for money. Darby (1972) has proposed that unanticipatory nominal money supply behaves as a shock-absorber in the money demand function. Initially, Laidler (1980) and then Carr and Darby (1981) formulated a shock-absorber model in which they have shown empirically that unanticipatory shocks in money supply positively affect the demand for money. Inclusion of this shock variable was justified by Darby (1972) on the ground that money balances serve as a buffer stock or shock-absorber which temporarily absorbs unexpected variations in income, especially the transitory income, until an adjustment is reached in adjusting the portfolio of securities and in consumer durable goods. The shock absorber model of Carr and Darby is based on the following two hypotheses:

Inflation Stabilization and the Consumption of Durable Goods

1998 ◽  
Author(s):  
Jose de Gregorio ◽  
Pablo E. Guidotti ◽  
Carlos A. Vegh
Keyword(s):  
Durable Goods ◽  
Inflation Stabilization

Finite Horizon Portfolio Selection with Durable Goods

2020 ◽  
Author(s):  
Junkee Jeon ◽  
Hyeng Keun Koo ◽  
Kyunghyun Park
Keyword(s):  
Portfolio Selection ◽  
Durable Goods ◽  
Finite Horizon

The Effect of Trialable Advertising on the Durable Goods Pricing

2003 ◽  
Author(s):  
Paulo Jorge Maçãs Nunes ◽  
João Carlos Correia Leitão ◽  
Carlos NMI Osório
Keyword(s):  
Durable Goods
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