Real Theory of Interest

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چکیده

Desired Saving Equals Desired Investment The theory says that the real interest rate r adjusts so desired saving S equals desired investment I (figure 1). As the real interest rate is the cost of capital to the firm, a lower real interest causes higher investment demand. And as the real interest rate is the return to saving, a higher real interest rate creates a greater incentive to save; and saving increases. In equilibrium desired saving equals desired investment.

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تاریخ انتشار 2004