Showing 1 - 10 of 8,417
Persistent link: https://www.econbiz.de/10011572228
Persistent link: https://www.econbiz.de/10000959730
Persistent link: https://www.econbiz.de/10011535463
Persistent link: https://www.econbiz.de/10011848833
In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint into account leads to ambiguous effects w.r.t. to the...
Persistent link: https://www.econbiz.de/10010520781
Persistent link: https://www.econbiz.de/10010464132
with a switching intercept term. Of course, this likely leads to a rejection of cointegration by standard tests and to the …
Persistent link: https://www.econbiz.de/10011570250
In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint into account where linearization procedures in our...
Persistent link: https://www.econbiz.de/10011790638
Persistent link: https://www.econbiz.de/10011785152
Persistent link: https://www.econbiz.de/10012609883