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Aggregate vs. disaggregate data analysis : a paradox in the estimation of a money demand function of Japan under the low interest rate policy
Hsiao, Cheng; Shen, Yan; Fujiki, Hiroshi - In: Journal of applied econometrics 20 (2005) 5, pp. 579-601
Persistent link: https://www.econbiz.de/10003121139
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Aggregate vs disaggregate data analysis : a paradox in the estimation of money demand function of Japan under the low interest rate policy
Shen, Yan; Hsiao, Cheng; Fujiki, Hiroshi - 2003
Persistent link: https://www.econbiz.de/10001737806
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Aggregate vs Disaggregate Data Analysis - a Paradox in the Estimation of a Money Demand Function of Japan Under the Low Interest Rate Policy
Hsiao, Cheng; Shen, Yan; Fujiki, Hiroshi - 2005
We use Japanese aggregate and disaggregate money demand data to show that conflicting inferences can arise. The aggregate data appears to support the contention that there was no stable money demand function. The disaggregate data shows that there was a stable money demand function. Neither was...
Persistent link: https://www.econbiz.de/10014067541
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Aggregate and Household Demand for Money: Evidence from Public Opinion Survey on Household Financial Assets and Liabilities
Fujiki, Hiroshi; Hsiao, Cheng - Institute for Monetary and Economic Studies, Bank of Japan - 2008
We use data from Public Opinion Surveys on Household Financial Assets and Liabilities from 1991 to 2002 to investigate the issues of unobserved heterogeneity among cross-sectional units and stability of Japanese aggregate money demand function. Conditions that permit individual data and...
Persistent link: https://www.econbiz.de/10004971203
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Aggregate and Household Demand for Money: Evidence from the Public Opinion Survey on Household Financial Assets and Liabilities
Fujiki, Hiroshi; Hsiao, Cheng - In: Monetary and Economic Studies 26 (2008) December, pp. 159-194
We use data from the Public Opinion Surveys on Household Financial Assets and Liabilities from 1991 to 2002 to investigate the issues of unobserved heterogeneity among cross-sectional units and stability of the Japanese aggregate money demand function. Conditions that permit individual data and...
Persistent link: https://www.econbiz.de/10004975798
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Aggregate and Household Demand for Money: Evidence from Public Opinion Survey on Household Financial Assets and Liabilities
Fujiki, Hiroshi; Hsiao, Cheng - 2013
We use data from Public Opinion Surveys on Household Financial Assets and Liabilities from 1991 to 2002 to investigate the issues of unobserved heterogeneity among cross-sectional units and stability of Japanese aggregate money demand function. Conditions that permit individual data and...
Persistent link: https://www.econbiz.de/10010892080