Liquidity Preference Theory of Interest: a Crude Empirical Test

[engelhardtlm1]

One of the highlights of Keynes's General Theory was his "Liquidity Preference Theory of Interest". More or less, Keynes argued that it's the supply of and demand for money that determine interest rates

Comments

[tcpip]

Have much leeway have you given to changes in the money supply and actual changes in investment activities?