![]() ![]() IS-LM completely suppresses the fundamental financial force propelling the macroeconomic system from one position to another, and it precludes the possibility of disequilibrium in the output market by failing to distinguish between aggregate supply and demand. However, a basic limitation of the schedules is their inability to describe the process or path connecting different. At present, almost four decades after their introduction, they remain surprisingly useful tools of comparative-static analysis. The IS-LM schedules of Hicks have enjoyed unprecedented rule as the framework of modern macro-theory. This chapter presents IS-LM as a dynamic framework. On the other hand, age, education, farm size, annual income, credit availability and innovativeness had no relationship with their attitude towards modem jute cultivation technologies of the jute growers. From the Spearman coefficient analysis it was found that training received and knowledge on jute cultivation had positively significant relationship while extension media contact had negative significant relationship with their attitude towards modem jute cultivation technologies. The findings revealed that the highest proportion (39%) of the farmers had highly favourable attitude while 37% and 24% had favourable and less favourable attitude, respectively. interview schedule during 15 July to 14 August, 2007. Ten villages of Narua union of Baliakandi Upazila under Rajbari district was the locale of the study. The purpose of the study was to determine the attitude of farmers towards modern jute cultivation technologies and explore the relationship of some selected characteristics of jute growers with their overall attitude towards the modern technologies. This raises an important question for education: what role, if any, should quality play in education. Quality is seen by business, industry, government and society at large as a vehicle for obtaining better value for money, and for improving competitiveness by providing better services and making better products. This context is a very challenging one in which to introduce quality into education. It represents an artificial attempt to counter the pervasive influence of the modem social environment. least in part an intuitive or unconscious response to this situation. The present explicit push into quality is at. The net effect of this alienation is that people care less about others and this often translates into taking less care and pride in the work they do. Introduction Progressively as modern society becomes more complex and more fast-paced it has also become less personal, and, as a consequence, the individual is perceived as being of lesser importance. ![]() As a result, in 1999 the Swiss National Bank abandoned monetary targeting in favor of an expected inflation target. Nonetheless, high elasticity of substitution between monetary assets has made it increasingly difficult to target money demand via changes in the interest rate. Targeting a broad monetary aggregate captures a variety of assets that contribute to liquidity and aggregate demand, enhancing the effectiveness of monetary policy. ![]() Consistent with a high degree of diversification, the Morishima elasticity is significantly larger when adjustment takes place in the price of a relatively broader monetary asset as compared with a narrower one. Results show that various monetary assets substitute for one another. We evaluate the degree of substitutability among these assets using the Morishima elasticity. Towards this goal, five monetary assets: currency and demand deposits at commercial banks, demand deposits with the postal system, deposits on transaction accounts with banks, savings deposits and time deposits are considered. It is important to evaluate the effect of “near-money” on money demand and the effectiveness of monetary policy. These developments have generated a “near money” component in households’ and businesses’ portfolio balances. Financial developments have made a variety of instruments available to store wealth and conduct economic transactions. This paper investigates the substitutability between money and near-money assets during the period 1976 to 1996 in Switzerland. ![]()
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