Demand for Money in the Selected OECD Countries: A Time Series Panel Data Approach and Structural Breaks

Time series panel data estimation methods are used to estimate cointegrating equations for the demand for money (M1) for a panel of 11 OECD countries. The effects of financial reforms are analysed with structural break tests and estimates for alternative sub-samples. Our results in the post-reforms sub-samples show that the income elasticity of the demand for money has decreased and response to interest rate changes has increased.

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Year of publication:	2010-04-10
Authors:	Kumar, Saten ; Chowdhury, Mamta ; Rao, B. Bhaskara

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Kumar, Saten and Chowdhury, Mamta and Rao, B. Bhaskara (2010): Demand for Money in the Selected OECD Countries: A Time Series Panel Data Approach and Structural Breaks.
Classification:	C33 - Models with Panel Data ; E41 - Demand for Money
Source:	BASE

Persistent link: https://www.econbiz.de/10015221286