Money Demand and the Effects of Fiscal Policies
重新审视货币需求函数中规模变量的选择，发现消费者支出比GNP更适合作为规模变量，这一改变会深刻影响对减税的标准凯恩斯分析。
This paper reexamines the choice of the scale variable in the money-demand function. A variety of evidence suggests that consumer spending is a better scale variable than GNP. Changing the money- demand specification along these lines can profoundly affect the standard Keynesian analysis of a tax cut. Copyright 1986 by Ohio State University Press.