- A stable US money demand function🔍
- The stability of money demand functions🔍
- The Stability of the Demand|for|Money Function in the United States ...🔍
- A stable money demand🔍
- Demand for Money in the United States🔍
- Structural changes and the US money demand function🔍
- The Search for a Stable Money Demand Equation🔍
- A Stable Money Demand Function🔍
A stable US money demand function
A stable US money demand function, 1874–1975 - ScienceDirect
We find evidence of a unique long-run money demand function and of a stable short-run demand function which passes a range of diagnostic tests and exhibits ...
A stable US money demand function, 1874–1975 - ScienceDirect
Our results parallel those of Hendry and Ericsson's (1991) UK study. We find evidence of a unique long-run money demand function and of a stable short-run ...
A stable US money demand function, 1874–1975
Our results parallel those of Hendry and Ericsson's (1991) UK study. We find evidence of a unique long-run money demand function and of a stable ...
A stable US money demand function, 1874-1975 - IDEAS/RePEc
MacDonald, Ronald & Taylor, Mark P., 1992. "A stable US money demand function, 1874-1975," Economics Letters, Elsevier, vol. 39(2), pages 191-198, June.
A stable US money demand function, 1874–1975 - WRAP: Warwick
MacDonald, Ronald and Taylor, Mark P. (1992) A stable US money demand function, 1874–1975. Economics Letters, 39 (2). pp. 191-198. doi ...
The stability of money demand functions: an alternative approach
More frequently, however, the stability problem is analysed in terms of the money demand function, ie the relationship between money stocks and a few key ...
The Stability of the Demand-for-Money Function in the United States ...
The purpose of this paper is to determine whether a stable demand-for- money function existed for the United States over the period 1901-65. This is done by ...
Finally, we estimate a money demand equation derived from a simple transaction technology model, using M1 as the monetary aggre- gate before 1980 and MZM after ...
Demand for Money in the United States: Stability and Forward ...
Temporal stability means that the parameters of the money demand equation estimated from data collected over a period remain constant, regardless of the ...
Structural changes and the US money demand function
The results show that a stable relationship exists for each sub-sample period. The estimated income elasticity and interest rate semi-elasticity are relatively.
The Search for a Stable Money Demand Equation
Federal Reserve Bank of Minneapolis: Pursuing an Economy that works for all of us. We serve the public by pursuing a growing economy and stable financial system ...
A Stable Money Demand Function - IDEAS/RePEc
Especially for monetarists–but for nonmonetarists as well– the demand function for money is of crucial importance for understanding macroeconomic activity ...
Stability of the U.S. Short-Run Money Demand Function, 1959-81
Function, 1959-81. KUAN-PIN LIN and JOHN S. OH*. ABSTRACT. Stability tests are performed for the conventional U.S. money demand equation using switch ...
The intertemporal stability of the US money demand function
The demand for money remains one of the topics most extensively studied in macroeconomics. This article contributes to the debate on the money ...
'In particular, if the money de- mand function is stable, the income elasticity yields the rate of money growth that is consistent with long-run price stability ...
Stability of the U.S. Short‐Run Money Demand Function, 1959–81
Stability tests are performed for the conventional U.S. money demand equation using switch regression techniques. This methodology provides for the ...
On the Stability of Money Demand - Research Database
relations in the steady state as functions of r. We view episodes of U.S. monetary history as temporary steady states that differ in a systematic way with ...
Monetary Integration, Money-Demand Stability, and the Role ... - HAL
A stable money demand function shows to what extent the monetary aggregates can be used in the conduct of monetary policy, and it allows us to ...
The sources of the U.S. money demand instability
The structural stability of money demand relations has been the issue of a substantial number of empirical studies. In most studies for the U.S. structural.
The Determinants and Stability of Demand for Money
CUSUM and CUSUMSQ stability tests were applied to check whether the money demand function was stable during the observed period. The results of ...