A stable money demand

On the Stability of Money Demand - ResearchGate

The stability of the money demand function is an assurance that monetary policy will work effectively on a target variable, as earlier reported by Author [27,19 ...

Stability of the money demand function in Asian developing countries

This study, after incorporating the CUSUM and CUSUMSQ tests into cointegration analysis, shows that in some Asian countries even though real M1 or M2 monetary ...

The Stability of Money Demand Function: Evidence from South Africa

The results indicate unstable money demand function among its determinant including real income, interest rate, stock price, and real exchange rate.

A stable US money demand function, 1874–1975

Abstract. We apply recent econometric techniques to the demand for money in the United States over a period of some hundred years, ...

Is Money Demand Really Unstable? Evidence from Divisia Monetary ...

We revisit the issue of stable demand for money, using quarterly data for the European Monetary. Union, India, Israel, Poland, the UK, and the ...

A Granular Investigation on the Stability of Money Demand

Keywords. Money demand, Divisia monetary aggregates, cointegration tests, bank deposits ; Journal/Book/Conference Title. Macroeconomic Dynamics ...

Long-run stability of money demand and monetary policy - HAL-SHS

We estimate the demand for money for monetary aggregates M1 and M2, and cash in Algeria over the period 1979-2019, and study its long-run ...

The Stability of Money Demand | RDP 8605: On Some Recent ...

The centrality of the stability question to monetary economics warrants that the issue be considered at some length. There is, however, no readily available ...

On the Stability of Money Demand - Fed in Print

Working Paper. On the Stability of Money Demand. Abstract: We show that regulatory changes that occurred in the banking sector in the early eighties, ...

Unconventional Monetary Policy and Money Demand

In contrast to the bulk of the literature, evidence in favour of a stable long run money demand func- tion is presented both for the US and the euro area.

Recent Instability in the Demand for Money

1973, 1974 to 1976, 1977 to 1978, and 1979 to 1981-Il. For the period from 1960 to 1973, the RMSPE was. 2 For a stable money demand relationship, the dynamic ...

The Dynamics and Estimation of Short-Run Money Demand - Review

A stable money demand function is crucial to the formation and implementation of effective monetary policy. Consequently, recent findings of ...

The demand for money instability: Notes on the empirical literature

In the literature, a constant money demand equation conditioned upon the demand arguments is interpreted as evidence against the Lucas critique if the constancy ...

Stability of money demand and monetary policy in a small ...

A stable money demand function is the essence of planning and implementing monetary policy. This thesis explores the stability of the M2 money demand ...

Another Look at Long-Run Money Demand

The rise in velocity for given interest rates may reflect a downward trend in money demand rather than an income elasticity below one. In principle, one can ...

“On the stability of money demand” by Robert E. Lucas Jr. and Juan ...

Comment on: “On the stability of money demand” by. Robert E. Lucas Jr. and Juan Pablo Nicolini. Peter N. Ireland a,b,n a Boston College, Department of ...

Which Road Leads to Stable Money Demand? - Emerald Insight

Citation. Barnett, W.A. (2000), "Which Road Leads to Stable Money Demand?", Barnett, W.A. and Serletis, A. (Ed.) The Theory of Monetary Aggregation ...

How stable is the demand for money in emerging economies?

Since we have shown that money demand is stable, then a regime based on monetary targeting would be feasible to meet the Masstricht criteria. If ...

Is There a Stable Money Demand Function under the Low Interest ...

The evidence appears to support the contention that there does exist a stable money demand function with long-run income elasticity greater than one for M2 and ...

A granular investigation on the stability of money demand - EconStor

This analysis is important as it facilitates identifying which monetary assets contribute most to the (in)stability of money demand—and it can be con- ducted ...