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Husker DeStirnulator?Da bar De leseOBSERVATOR!OBSERVATOR er Stimulator's verdige etterfølgersom miljøskapende og miljøbevarendeorgan for sosialøkonomiske studenter.Tidsskriftet utkommer med 7 nummeråret og er utgitt av Sosialøkonomisk SamfunnsStudentforening - FREDERIK.Abonnementet koster kr. 10,- pr. år (forkandidater) og kan tegnes ved henvendelsetilOBSERVATORFREDRIKSGATE 3, OSLO 1. TELEFON: 20 03 57Nye bøker i sosialøkonomiEinzig, Paul: A Textbook on Foreign ExchangeN.Y. 1966 kr. 32,75. — Hansen, A. H.: The Dollarand the International Monetary System.London 1965 kr. 80,00. — Kent, R. P.: Moneyand Banking. 5th ed. N.Y. 1966 kr. 95,00. —Lebergott, S.: Manpower in Economic Growth.N.Y. 1964 kr. 87,00. — Marshall, A.: Principlesof Economics. London 1962 kr. 23,50. — Meier,G. M.: Leading Issues in Development Economics.N.Y. 1964 kr. 65,00. — Scherer, J., & Papke,J. A.: Public Finance & Fiscal Policy. N.Y.1966 kr. 49,00. — Soltow, Lee: Toward IncomeEquality in Norway. N.Y. 1963 kr. 89,00. —Tinbergen, J.: Economic Policy: Principles andDesign. Amsterdam 1966 kr. 6650. — Tinbergen,J.: Selected Papers. Amsterdam 1959 kr. 75,00.111111111111111111111111111111.1WUNIVERSITETSBOKHANDELENDEMAND FOR MONEY - - - FORTS. FRA SIDE 7vely inelastic with respect to the price-changevariable in the postwar period.T he conceptual framework of this study includesthe view that the supply of money is animportant variable in determining the level oftotal spending on current output. The monetarymechanism is looked upon as involving theinteraction of bank and public preferencefunctions through which changes in monetarycontrol variables induce changes in the achensiktsmessighetenav noen av disse fra et velferdsteoretisksynspunkt.SpesialfagBedriftsøkonomi.Om tilpasningen av lagerholdet i en bedrift.Internasjonal økonomi.Om fordeler og ulemper ved et internasjonalt valutasystemmed faste valutakurser.Rettslwre.1. Skattebeslutninger.2. Eiendomsforbehold.Begge oppgaver skal besvares.Økonometri.Gi et opplegg til en økonometrisk analyse av realkapitalensbetydning for produksjonen i en næring,når det foreligger årlige tidsrekkedata for produksjonenog for innsatsen av de viktigste produksjonsfaktorenei de enkelte bedrifter i næringen.tuai money supply. Differences between actualand desired money balances produce relativechanges in asset prices and yields which inturn produce shifts in the desired compositionof portfolios of financial institutions, firms,and households. These shifts lead to furtherchanges in spending on assets and currentgoods and services.A satisfactory analysis of this mechanism,of course, will require an integration of themonetary and «real» sectors of the economy,with an explicit specification of the links betweenthe two.Relatively little research has yet been doneon the monetary mechanism in the Norwegianeconomy, and the present study is only amodest beginning. It is to be hoped, however,that further strides will be made in compilingdata on the critical monetary variables inthe Norwegian economy. In that event, additionalstudies could be made using quarterly orperhaps monthly data to obtain evidence on theshort-run characteristics of the demand functionfor money, and these results could becompared with those pertaining to longer periods.Additional data might permit the undertakingof cross-section studies. Finally,structural tests might be made incorporatingother monetary relations and their interactionwith the «real» sector. The findings presentedabove, as well as the evidence obtainedin the larger study, appear to suggest thatthe above view of the monetary mechanism isreasonably accurate, perhaps useful, and certainlyworth further investigation.32