Empirical Evidence for a Money Demand Function : A Panel Data Analysis of 27 Countries in 1988-98

The purpose of this paper is to estimate the money demand function of Cagan (1956) using a panel data set covering 27 countries with different economic levels over the period 1988-98. The static fixed effects and the dynamic fixed effects reveal that a money demand equation exists. However, in contrast to the theory proposed by Cagan, estimates of the output elasticity of money demand are in the range from 0.18 to 0.20

MoreLess

Year of publication:	[2008]
Authors:	García-Hiernaux, Alfredo
Other Persons:	Cerno, Leonel (contributor)
Publisher:	[2008]: [S.l.] : SSRN
Subject:	Welt \| World \| Geldnachfrage \| Money demand \| Panel \| Panel study

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Applied Econometrics and International Development, Vol. 6, No. 1, 2006 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 20, 2008 erstellt
Classification:	C23 - Models with Panel Data ; C52 - Model Evaluation and Testing ; E41 - Demand for Money
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012770630