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Reconsidering the welfare cost of inflation in the US: a nonparametric estimation of the nonlinear long-run money-demand equation using projection pursuit regressions
Gupta, Rangan; Majumdar, Anandamayee - In: Empirical Economics 46 (2014) 4, pp. 1221-1240
the behavior US money demand over the period of 1980:Q1–2010:Q4, using the standard linear cointegration procedures found …
Persistent link: https://www.econbiz.de/10010994365
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Money demand stability: A case study of Nigeria
Kumar, Saten; Webber, Don J.; Fargher, Scott - Faculty of Business, Auckland University of Technology - 2011
This paper presents an empirical investigation into the level and stability of money demand (M1) in Nigeria between 1960 and 2008. In addition to estimating the canonical specification, alternative models are presented that include additional variables to proxy for the cost of holding money....
Persistent link: https://www.econbiz.de/10010902120
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Money demand in a banking time economy
Gillman, Max; Otto, Glenn - HWWA Institut für Wirtschaftsforschung - 2003
. We find cointegration empirical support for the model, with robustness checks and a comparison to a standard …
Persistent link: https://www.econbiz.de/10010957405
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The Stability of the Euro-Demand Function
Banaian, King; Ratha, Artatrana - Economics Department, St. Cloud State University - 2007
Euro-zone monetary aggregates using the Bound Testing Procedure of Cointegration proposed by Pesaran et al. (2001) and …
Persistent link: https://www.econbiz.de/10005247978
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Estimates of Money Demand Functions for Estonia
Reimers, Hans-Eggert; Roht, Kairi - In: Transition Studies Review 14 (2007) 3, pp. 425-439
Persistent link: https://www.econbiz.de/10005382128
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The demand for broad money in Norway, 1969-1993
Eitrheim, ûyvind - In: Empirical Economics 23 (1998) 3, pp. 339-354
Cointegration analysis is applied to investigate the long run relationships between money, prices, and wages in Norway …
Persistent link: https://www.econbiz.de/10005382373
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Money demand stability: Evidence from Spain
Vega, Juan Luis - In: Empirical Economics 23 (1998) 3, pp. 387-400
Using several tests for structural stability in regressions with I(1) variables and for the existence of cointegration …
Persistent link: https://www.econbiz.de/10005382491
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Fixed Bandwidth Asymptotics in Single Equation Models of Cointegration with an Application to Money Demand
Bunzel, Helle - Econometric Society - 2004
This paper provides a new approach to testing cointegration parameters in a single-equation cointegration environment … errors using fixed bandwidth (fixed-b) asymptotic theory and adapting it to the cointegration environment. It is shown that … bandwidth or kernel used, even if the regressors in the cointegration relationship are endogenous. Using asymptotic power and …
Persistent link: https://www.econbiz.de/10005342277
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Selected factors influencing the money demand development in 1994 - 2000
Arlt, Josef; Guba, Milan; Radkovský, Štěpán; … - In: Politická ekonomie 2001 (2001) 5
described. The multi- and singl-equational models as a basis for cointegration analysis are used. As the main theoretical basis …
Persistent link: https://www.econbiz.de/10005258127
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Demand for Money By Business Sector in a Developing Country: Evidence from Pakistan
Qayyum, Abdul - Volkswirtschaftliche Fakultät, … - 1999
The paper provides estimate of money (M2) demand for business sector in Pakistan. By using cointegartion analysis and erropr correction mechanism the study found that business sectors money demand behaviour is completely different from the aggregate money demand function. The rate of interest on...
Persistent link: https://www.econbiz.de/10005260062