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Aggregate vs disaggregate data analysis : a paradox in the estimation of money demand function of Japan under the low interest rate policy

Shen, Yan; Hsiao, Cheng; Fujiki, Hiroshi - 2003

Persistent link: https://www.econbiz.de/10001737806

Foreign direct investment and the importance of institutions : a reconciliation of cross-sectional and panel data analysis

Hsiao, Cheng; Nugent, Jeff B.; Shen, Yan - In: India macroeconomics annual ... 5 (2008), pp. 39-58

Persistent link: https://www.econbiz.de/10009126880

Aggregate vs. disaggregate data analysis : a paradox in the estimation of a money demand function of Japan under the low interest rate policy

Hsiao, Cheng; Shen, Yan; Fujiki, Hiroshi - In: Journal of applied econometrics 20 (2005) 5, pp. 579-601

Persistent link: https://www.econbiz.de/10003121139

Aggregate vs Disaggregate Data Analysis - a Paradox in the Estimation of a Money Demand Function of Japan Under the Low Interest Rate Policy

Hsiao, Cheng; Shen, Yan; Fujiki, Hiroshi - 2005

We use Japanese aggregate and disaggregate money demand data to show that conflicting inferences can arise. The aggregate data appears to support the contention that there was no stable money demand function. The disaggregate data shows that there was a stable money demand function. Neither was...

Persistent link: https://www.econbiz.de/10014067541