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World experience of researches of demand for money and its application for Russia

Sinelnikova, Elena Sinelnikova, - Gaidar Institute for Economic Policy - 2011

Traditional microeconomic approaches to money demand issues are considered in the article. The author also discusses current view of monetary theory on concept of “money”. New approach gives reasoning to existence of variety of payment innovations.

Persistent link: https://www.econbiz.de/10010658686

Assessment of Money Demand in the Russian Economy with the Development of Banking Technology

Sinelnikova, Elena Sinelnikova, - Gaidar Institute for Economic Policy - 2012

Traditional microeconomic approaches to demand for money problem are considered in the article. It also discusses current view of monetary theory on concept of “money”. New approach gives reasoning to existence of variety of payment innovations. It provides theoretical base for inclusion of...

Persistent link: https://www.econbiz.de/10010658687

Hat die Finanzkrise zu einer instabilen Geldnachfrage geführt?

Dreger, Christian; Wolters, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 79 (2010) 4, pp. 135-145

Central Bank (ECB). In this contribution we examine the stability of money demand in the euro area by taken the period of the …

Persistent link: https://www.econbiz.de/10008919643

The stability of money demand function in Japan: Evidence from rolling cointegration approach

Tang, Chor Foon - Volkswirtschaftliche Fakultät, … - 2007

procedure for cointegration within the autoregressive distributed lag (ARDL) framework to search for the stability of money … rolling cointegration test to re-investigate the stability of money demand function in Japan. …The main purpose of this study is to re-investigate the stability of Japanese M2 money demand function over the period …

Persistent link: https://www.econbiz.de/10008567683

Unconventional Monetary Policy and Money Demand

Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is …

Persistent link: https://www.econbiz.de/10011128871

A microfounded model of money demand under uncertainty, and its empirical validation using cointegration and rolling-window dynamic multiplier analysis

Größl, Ingrid; Tarassow, Artur - 2015

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

M3 money demand and excess liquidity in the euro area

Dreger, Christian; Wolters, Jürgen - 2008

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find evidence in favour of a stable long run money demand function. The equation appears to be increasingly unstable if more recent data are used. If the link between money balances and...

Persistent link: https://www.econbiz.de/10011384239

Money velocity and asset prices in the euro area

Dreger, Christian; Wolters, Jürgen - 2008

of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …

Persistent link: https://www.econbiz.de/10011384244

A microfounded model of money demand under uncertainty, and some empirical evidence

Größl, Ingrid; Tarassow, Artur - 2018

Persistent link: https://www.econbiz.de/10011790638

M3 money demand and excess liquidity in the euro area

Dreger, Christian; Wolters, Jürgen - 2010

Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...

Persistent link: https://www.econbiz.de/10011518878