One of the mysteries of the English language finally explained.
(in Keynesian theory) the preference of investors for holding liquid assets rather than securities or long-term interest-bearing investments.as modifier ‘liquidity-preference theory’
- ‘Increasingly, the monetary stimulus of the Federal Reserve is being more than offset by a shift in liquidity preference toward consumers rebuilding their hitherto non-existent household savings.’
- ‘To the extent that liquidity preference is satisfied in periods of calm by assets that prove to be illiquid in periods of stress, the system is rendered more unstable.’
- ‘In effect, ‘the classical version is superior because it avoids the confusion between money and credit which Friedman correctly notes as plaguing the Keynesian monetary or liquidity preference theory of interest’.’
- ‘What we now call real balances or liquidity preference was long appreciated and treated as hoarding.’
- ‘He began his career as a Keynesian economist at Cambridge, leaning to liquidity preference theory against Robertson's loanable funds theory in the Cambridge monetary controversies.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.