Equilíbrio temporário, taxa de juros e o motivo finanças de demanda de moeda: uma reavaliação da teoria da preferência pela liquidez
DOI:
https://doi.org/10.11606/1980-53572841jloKeywords:
interest rate, liquidity preference, finance motiveAbstract
This article presents a model of temporary general equilibrium compatible with Keynes s
theory of liquidity preference. The objective of this presentation is to reavaluate Keynes's
proposition that saving and investment decisions have no imediate effects over the level
of the interest rates, i. e interest rate is a strictly monetary phenomenon. We demonstrate
that the addition of finance motive of demand for money to this model invalidate this
proposition in the case that aggregate investment is growing over time. In steady-state,
however, decisions of saving and investment has only an indirect influence over the
interest rate.
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Copyright (c) 1998 José Luís Oreiro
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Atualizado em 14/08/2025