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The Transactions Demand for Money and the Value of Time: Some Empirical Evidence.

Love, D.R.F. - Department of Economics, Brock University - 1995

Persistent link: https://www.econbiz.de/10005828354

THE INFLATION TAX IN A REAL BUSINESS CYCLE MODEL

COOLEY, T.F.; HANSEN, G.D. - University of Rochester - Center for Economic Research … - 1988

Persistent link: https://www.econbiz.de/10005808111

A Monetary Policy Model without Money for India

Kapur, Muneesh; Patra, Michael Debabrata - International Monetary Fund (IMF) - 2010

A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation is inertial and persistent when it sets in, irrespective of the source. Exchange...

Persistent link: https://www.econbiz.de/10008646425

Methodological and Empirical Issues in Real Business Cycle Theory

DANTHINE, Jean-Pierre; DONALDSON, John B. - Départment d'économétrie et d'économie politique … - 1991

Persistent link: https://www.econbiz.de/10005292690

Monetary dynamics, exchange rates and parameter instability: an empirical investigation

Arize, A.C.; Malindretos, J.; Christoffersen, S. - In: Journal of Economic Studies 30 (2003) October, pp. 493-513

This paper examines the existence and stability of both the long- and short-run demand for narrow and broad money …). The study reveals the existence of a systematic long-run relationship among real money balances, real income, interest … rate and exchange rate. Results from testing the hypothesis of a unitary price elasticity confirm that only the broad money …

Persistent link: https://www.econbiz.de/10005009706