The determinants of structural change in the European Union : a new application of RAS

The paper considers a (static) portfolio system that satisfies adding-up contraints and the gross substitution theorem. The paper shows the relationship of the two conditions to the weak dominant diagonal property of the matrix of interest rate elasticities. This enables to investigate the impact of simultaneous changes in interest rates on the asset demands.

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Year of publication:	1995
Authors:	Linden, Jan A. van der ; Dietzenbacher, Erik
Institutions:	Faculteit Economie en Bedrijfskunde, Rijksuniversiteit Groningen

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Extent:	application/pdf
Series:	Research Report.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Research Reports Number 95D36
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011251245