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The Demand for Money During High Inflation Episodes : Some Latin American Evidenceon the Cagan Model
Taylor, Mark P. - 1991
This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile …
Persistent link: https://www.econbiz.de/10014398469
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Virtual Deficits and the Patinkin Effect
Cardoso, Eliane A. - 1998
—a deficit that would be observed if inflation were zero. It studies the negative relationship between the inflation rate and … real government expenditures—the Patinkin effect. The model outperforms others in explaining four-digit inflation rates … that are small and compatible with the small amount of seigniorage that can be collected at high inflation rates. Finally …
Persistent link: https://www.econbiz.de/10014400773
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Dirty money : does the risk of infectious disease lower demand for cash?
Cevik, Serhan - 2020
The coronavirus pandemic is a global crisis like no other in modern times, and there is a growing apprehension about handling potentially contaminated cash. This paper is the first empirical attempt in the literature to investigate whether the risk of infectious diseases affects demand for...
Persistent link: https://www.econbiz.de/10012392624
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Survey of Literatureon Demand for Money : Theoretical and Empirical Work with Special Reference to Error-Correction Models
Sriram, Subramanian S. - 1999
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This...
Persistent link: https://www.econbiz.de/10014400418
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Financial Infusion and Exiting From a Money Rule
Stone, Mark R. - 1998
exit strategy from a money rule to an exchange rate or inflation target are discussed …
Persistent link: https://www.econbiz.de/10014400755
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The Dynamics of Money Demand and Prices
International Monetary Fund - 1990
The paper evaluates whether a monetary aggregate can serve as a useful predictor of inflation, using recent … of return variables. However, deviations of M2 from its long-run equilibrium value do not significantly enhance inflation …. Nevertheless, changes in M2 do contain information about future inflation, consistent with the view that the demand for money …
Persistent link: https://www.econbiz.de/10014395786
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Convertibility Risk : The Precautionary Demand for Foreign Currency in a Crisis
Mourmouras, Alex - 2001
This paper presents theoretical work linking money demand to the perceptions of households about the risk that domestic currency may become inconvertible or that it may be devalued. An empirical investigation of the size of this effect is carried out using both cross section data and then...
Persistent link: https://www.econbiz.de/10014400108
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Endogenous Money Supply and Money Demand
Choi, Woon Gyu - 2000
This paper explores the behavior of money demand by explicitly accounting for the money supply endogeneity arising from endogenous monetary policy and financial innovations. Our theoretical analysis indicates that money supply factors matter in the money demand function when the money supply...
Persistent link: https://www.econbiz.de/10014401308
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What Have We Learned About Estimating the Demand for Money? : A Multicountry Evaluation of Some New Approaches
Tavlas, George S. - 1991
This paper provides estimates of the demand for both narrow and broad monetary aggregates for the five largest industrial countries using two recent approaches: buffer stock and error correction models. The performances of these models are compared with several versions of the conventional...
Persistent link: https://www.econbiz.de/10014398496
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Optimal Inventory Policies When the Demand Distribution is Not Known
Larson, Erik W. - 2000
This paper analyzes the stochastic inventory control problem when the demand distribution is not known. In contrast to previous Bayesian inventory models, this paper adopts a non-parametric Bayesian approach in which the firm’s prior information is characterized by a Dirichlet process prior....
Persistent link: https://www.econbiz.de/10014400239