Bae, Youngsoo (contributor); Kakkar, Vikas (contributor); … - 2004
Money Demand in Japan and the Liquidity Trap∗
Youngsoo Bae§ Vikas Kakkar†
Ohio State University City University of Hong …-06
Abstract
In this paper we estimate long-run money demand for Japan with two functional forms that
allow for the liquidity trap …@econ.ohio-state.edu.
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1 Introduction
The theory of money demand implies that the money demand function is or is almost infinitely elastic …