A stable money demand
The stability of a money demand relationship has been a major concern in monetary economics for the last 50 years. It is conventional to call the relationship.
The stability of money demand functions: an alternative approach
This paper focuses on the analytical and empirical problems related to disequilibrium in money markets and deals only superficially with the many issues that ...
On the stability of money demand - ScienceDirect.com
We study a transactions demand for money model with banking. We evaluate the regulatory changes in banking sector introduced in 1982.
A stable money demand: Looking for the right monetary aggregate
The stability of a money demand relationship has been a major concern in monetary economics for the last 50 years. It is conventional to call the relationship ...
The Search for a Stable Money Demand Equation
The Search for a Stable Money Demand Equation. Quarterly Review 433 | Summer 1980. Download PDF. Author. Default people image. James N. Duprey.
A STABLE MONEY DEMAND FUNCTION - HAMBURGER - 1987
However, recent relationships between the money supply and aggregrate spending have generated increasing skepticism regarding the stability of money demand and ...
A stable money demand: Looking for the right monetary aggregate
Abstract. A money demand relationship with M1 as the monetary aggregate holds very well until the mid-1980s but not well after that. This could be because the ...
On the Stability of Money Demand - Research Database
On the Stability of Money Demand*. Robert E. Lucas Jr. University of Chicago. Juan Pablo Nicolini. Federal Reserve Bank of Minneapolis and Universidad Di Tella.
The Search for a Stable Money Demand Function: A Survey - jstor
Schwartz (1982) for new evidence on the long-run demand for money. Page 4. 996 Journal of Economic Literature, Vol. XX (September 1982).
A STABLE MONEY DEMAND FUNCTION - Wiley Online Library
ticism regarding the stability of money demand and the merits of using monetary aggregates as the bases for monetary policy. The author has formulated a ...
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 ...
Is There a Stable Money Demand Function under the Low Interest ...
Hiroshi Fujiki: Institute for Monetary and Economic Studies and Financial Markets. Department, Bank of Japan (E-mail: [email protected]).
Money demand and macroeconomic stability revisited
The main conclusion is that money demand matters for the design of a stabilizing monetary policy if the outstanding stock of money effectively restricts ...
Monetary Integration, Money-Demand Stability, and the Role ... - HAL
The stability of money demand function states that the money supply has a potential impact on both economic activity and inflation. Otherwise ...
On the Stability of Money Demand
This is what we do in Section 3, where we introduce another monetary asset, money market deposit accounts (MMDAs), as a third important means of ...
(PDF) Is There a Stable Money Demand Function under the Low ...
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 Stable Money Demand Function - IDEAS/RePEc
However, recent relationships between the money supply and aggregrate spending have generated increasing skepticism regarding the stability of money demand and ...
The Stability of Money Demand Function in Five Major - jstor
Several studies in the last phase suggest that stable, long-run money demand relationships exist for a variety of monetary aggregates, countries and historical ...
On the Stability of Money Demand - NYU Stern
A broad consensus was reached that no measure of. “liquidity” in an economy was of any value in conducting monetary policy. There were good ...
On the stability of money demand: evidence from Madagascar
A first equation models the real demand for money, with three explanatory variables, including real income, opportunity cost and the proxy for ...