Boone, Laurence; Mikol, Fanny; Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2004
impact of financial and housing wealth on money demand. It tests the hypothesis, whether wealth associated with increases in … and a wealth variable (a composite of residential property and stocks) within an error-correction framework provides … evidence of positive wealth effects from financial and housing assets on money demand in the long run, but no significant …