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Time-Varying Money Demand and Real Balance Effects
Benchimol, Jonathan - 2020
This paper presents an analysis of the stimulants and consequences of money demand dynamics. By assuming that households’ money holdings and consumption preferences are not separable, we demonstrate that the interest-elasticity of demand for money is a function of the households’...
Persistent link: https://www.econbiz.de/10012847205
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Time-Varying Money Demand and Real Balance Effects
Benchimol, Jonathan; Qureshi, Irfan - 2020
This paper presents an analysis of the stimulants and consequences of money demand dynamics. By assuming that household's money holdings and consumption preferences are not separable, we demonstrate that the interest-elasticity of demand for money is a function of the household's preference to...
Persistent link: https://www.econbiz.de/10014096096
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The transmission of German monetary policy in the pre-Euro period
Lütkepohl, Helmut; Wolters, Jürgen - 2001
A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose quarterly, seasonally unadjusted data for the period from 1975 to 1998 are used, that is, the period until the...
Persistent link: https://www.econbiz.de/10011400913
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Money demand in Europe : evidence from the past
Hahn, Elke; Müller, Christian - 2000
-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis …
Persistent link: https://www.econbiz.de/10011432808
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An Empirical Analysis of the Money Demand Function in Asean-5
Yu, Han - 2013
) cointegration technique – two step Engle Granger (1987) and error correction model (ECM) clearly show that there exists a long run …
Persistent link: https://www.econbiz.de/10013073416
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The (in)stability of money demand in the Euro area
Nautz, Dieter; Rondorf, Ulrike - 2010
The instability of standard money demand functions has undermined the role of monetary aggregates for monetary policy analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the instability of euro area money demand. Our results...
Persistent link: https://www.econbiz.de/10008664568
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The (in)stability of money demand in the Euro Area : lessons from a cross-country analysis
Nautz, Dieter; Rondorf, Ulrike - 2010
The instability of standard money demand functions has undermined the role of monetary aggregates for monetary policy analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the instability of euro area money demand. Our results...
Persistent link: https://www.econbiz.de/10003953045
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Money demand in Europe : evidence from the past
Müller-Kademann, Christian; Hahn, Elke - 2000
-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis …
Persistent link: https://www.econbiz.de/10009583887
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Cointegration Analysis of Money Demand During the Period 1987(I)-1999(Iv) in Turkey
Kutlar, Aziz - 2002
treasury bond interest return and inflation were analysed. We applied cointegration test for cointegration analysis and a … determined that the series were I (I) when the both tests were used together. Later, a suitable VAR (4) model for cointegration … were determined in restricted an unrestricted cointegration analysis, and long-run money demand equation was tried to be …
Persistent link: https://www.econbiz.de/10014123728
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The demand for money at the zero interest rate bound
Watanabe, Tsutomu; Tomoyoshi, Yabu - In: Journal of applied econometrics 38 (2023) 6, pp. 968-976
Persistent link: https://www.econbiz.de/10014432204