Bahmani-Oskooee, Mohsen; Maki Nayeri, Majid - In: Review of Economic Analysis : REA 12 (2020) 1, pp. 73-87
money supply and output to account for uncertainty. In this paper we consider the experience of Japan but rather than … Economic Policy Uncertainty. When we included this lat er measure, we were unable to find a stable money demand in Japan … meaningful estimates. Since the approach allows us to assess asymmetries, we found that in Japan the public hold more cash when …