Showing 1 - 10 of 32,185
This paper investigates the issues of stability, predictability and interestsensitivity of both the long and short run … that estimated by Friedman and Schwartz (1982). The stability of long and short-run money demand within and out of the … estimation period is investigated employing a multivariate framework. To test for the existence and the stability of money demand …
Persistent link: https://www.econbiz.de/10008459623
By applying the methods of cointegration and error-correction, this paper investigates the money demand behaviour in …
Persistent link: https://www.econbiz.de/10005168521
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates and prices, once it is adequately adjusted to account for the scale of transactions, as well as the opportunity cost of holding money. To that end, an extensive long-run...
Persistent link: https://www.econbiz.de/10011445082
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates and prices, once it is adequately adjusted to account for the scale of transactions, as well as the opportunity cost of holding money. To that end, an extensive long-run...
Persistent link: https://www.econbiz.de/10011294297
relied on setting predetermined growth targets for M3 to achieve its primary objective of price stability. The main purpose …
Persistent link: https://www.econbiz.de/10011532036
cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is …
Persistent link: https://www.econbiz.de/10010358869
stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR …
Persistent link: https://www.econbiz.de/10010208785
procedure for cointegration within the autoregressive distributed lag (ARDL) framework to search for the stability of money … rolling cointegration test to re-investigate the stability of money demand function in Japan. …The main purpose of this study is to re-investigate the stability of Japanese M2 money demand function over the period …
Persistent link: https://www.econbiz.de/10008567683
Central Bank (ECB). In this contribution we examine the stability of money demand in the euro area by taken the period of the …
Persistent link: https://www.econbiz.de/10008919643
Traditional microeconomic approaches to money demand issues are considered in the article. The author also discusses current view of monetary theory on concept of “money”. New approach gives reasoning to existence of variety of payment innovations.
Persistent link: https://www.econbiz.de/10010658686