equity and labour markets. Equity positively affects money demand through wealth effects, as equities are a significant store … of household wealth and thus part of a financial transaction motive. Negative substitution effects through the expected … money. All three new elements, in particular housing and financial wealth, have been found statistically and economically …

with money, domestic and foreign stocks and long-term bonds in which, in addition to the classical wealth effect, also a …

equity and labour markets. Equity positively affects money demand through wealth effects, as equities are a significant store … of household wealth and thus part of a financial transaction motive. Negative substitution effects through the expected … money. All three new elements, in particular housing and financial wealth, have been found statistically and economically …

In this paper we present an empirically stable money demand model for Euro area M3. We show that housing wealth is an …

Denmark. Instead, I argue that the introduction of housing wealth and the role of precautionary demand for liquidity improves … wealth enters the money-demand equation positively which is consistent with previous findings for the euro area and the US …

In this paper we present an empirically stable money demand model for Euro area M3. We show that housing wealth is an … money demand model. -- Money Demand ; Parameter Constancy ; Wealth ; Cointegration ; Vector Error Correction Model …

main determinants are a transactions variable, wealth considerations, opportunity costs and uncertainty. The models are … apparent that in equilibrium, households jointly determine consumption and broad money holdings both influenced by wealth as …