On empirical implications of highly interest-elastic money demand: A Note

Based on a standard model of money demand, this paper first shows that a relationship between money supply and prices may be substantially weakened when money demand is highly interest-elastic, and then presents empirical evidence for this implication using the Japanese money market data for the sample period, 1985-1999.

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Year of publication:	2008-01-05
Authors:	Nakashima, Kiyotaka ; Saito, Makoto

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Nakashima, Kiyotaka and Saito, Makoto (2008): On empirical implications of highly interest-elastic money demand: A Note. Published in: Hitotsubashi Journal of Economics , Vol. 50, No. 1 (June 2009): pp. 29-34.
Classification:	E31 - Price Level; Inflation; Deflation ; E41 - Demand for Money ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	BASE

Persistent link: https://www.econbiz.de/10015252139