IDEAS home Printed from https://ideas.repec.org/a/oup/ecinqu/v31y1993i3p448-55.html
   My bibliography  Save this article

Clarification of the Excess Demand for or Excess Supply of Money

Author

Listed:
  • Rabin, Alan A

Abstract

One of the most misunderstood and neglected concepts in all of economics is the notion that money may be in excess supply or excess demand. The article presents several reasons why monetary disequilibrium would indeed persist, including the fact that no 'money market' exists with a single price that would clear that market. Contrary to the claims of several leading textbooks, the article explains why changes in the interest rate would not immediately eliminate an excess supply of or demand for money. Copyright 1993 by Oxford University Press.

Suggested Citation

  • Rabin, Alan A, 1993. "Clarification of the Excess Demand for or Excess Supply of Money," Economic Inquiry, Western Economic Association International, vol. 31(3), pages 448-455, July.
    • Handle: RePEc:oup:ecinqu:v:31:y:1993:i:3:p:448-55
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jan Korda, 2011. "Monetární nerovnováha v teorii endogenních peněz [Monetary Disequilibrium in the Theory of Endogenous Money]," Politická ekonomie, Prague University of Economics and Business, vol. 2011(5), pages 680-705.
    2. Mark Ladenson, 2007. "Monetary Theory," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(2), pages 249-254, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ecinqu:v:31:y:1993:i:3:p:448-55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.