Author: Elmer Sterken
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 27
Book Description
The Stability of the Dutch Money Demand Function
Author: Elmer Sterken
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 27
Book Description
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 27
Book Description
The Stability of the Dutch Money Demand Function
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
Book Description
Money Demand in the Netherlands
Author: Mr.Bob Traa
Publisher: International Monetary Fund
ISBN: 1451967160
Category : Business & Economics
Languages : en
Pages : 47
Book Description
This paper analyzes the demand for narrow money balances in the Netherlands. Demand for narrow money balances had increased markedly in relation to GNP in the Netherlands throughout the 1980s. This phenomenon could not be explained satisfactorily with traditional Goldfeld-type money demand functions which had performed well until that time. Drawing on advances in dynamic modeling from the error corrections and cointegration literature, and incorporating yield-curve effects and the exchange rate of the guilder with the U.S. dollar as additional monetary indicators significantly improves the performance of money demand estimates.
Publisher: International Monetary Fund
ISBN: 1451967160
Category : Business & Economics
Languages : en
Pages : 47
Book Description
This paper analyzes the demand for narrow money balances in the Netherlands. Demand for narrow money balances had increased markedly in relation to GNP in the Netherlands throughout the 1980s. This phenomenon could not be explained satisfactorily with traditional Goldfeld-type money demand functions which had performed well until that time. Drawing on advances in dynamic modeling from the error corrections and cointegration literature, and incorporating yield-curve effects and the exchange rate of the guilder with the U.S. dollar as additional monetary indicators significantly improves the performance of money demand estimates.
The Stability of the Money Demand Function
Author: Dirk C. Shelley
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 208
Book Description
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 208
Book Description
The Stability of Money Demand Functions
Author: Palle Schelde Andersen
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 76
Book Description
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 76
Book Description
The Stability of the Short-run Money Demand Function, 1920-1939
Author: Rik W. Hafer
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 24
Book Description
Demand for Money in the Euro Area
Author: Shigeyuki Hamori
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
We analyzed the stability of the money demand function using panel data from January 1999 through March 2006, covering the 11 EU countries (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain). First, we found that the money demand function was stable with respect to M3. This arguably supports the suitability of the ECB's focus on M3 money supply in its monetary policy. Second, the stability of the money demand function was recognized with respect not only to M3, but also to M1 and M2. Accordingly, the ECB's adoption of M1 or M2 growth as a reference value should probably be considered depending on how conditions change going forward.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
We analyzed the stability of the money demand function using panel data from January 1999 through March 2006, covering the 11 EU countries (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain). First, we found that the money demand function was stable with respect to M3. This arguably supports the suitability of the ECB's focus on M3 money supply in its monetary policy. Second, the stability of the money demand function was recognized with respect not only to M3, but also to M1 and M2. Accordingly, the ECB's adoption of M1 or M2 growth as a reference value should probably be considered depending on how conditions change going forward.
Money Demand in the Netherlands
Author: Bob Traa
Publisher:
ISBN:
Category :
Languages : en
Pages : 47
Book Description
This paper analyzes the demand for narrow money balances in the Netherlands. Demand for narrow money balances had increased markedly in relation to GNP in the Netherlands throughout the 1980s. This phenomenon could not be explained satisfactorily with traditional Goldfeld-type money demand functions which had performed well until that time. Drawing on advances in dynamic modeling from the error corrections and cointegration literature, and incorporating yield-curve effects and the exchange rate of the guilder with the U.S. dollar as additional monetary indicators significantly improves the performance of money demand estimates.
Publisher:
ISBN:
Category :
Languages : en
Pages : 47
Book Description
This paper analyzes the demand for narrow money balances in the Netherlands. Demand for narrow money balances had increased markedly in relation to GNP in the Netherlands throughout the 1980s. This phenomenon could not be explained satisfactorily with traditional Goldfeld-type money demand functions which had performed well until that time. Drawing on advances in dynamic modeling from the error corrections and cointegration literature, and incorporating yield-curve effects and the exchange rate of the guilder with the U.S. dollar as additional monetary indicators significantly improves the performance of money demand estimates.
Survey of Literature on Demand for Money
Author: Mr.Subramanian S. Sriram
Publisher: International Monetary Fund
ISBN: 1451848544
Category : Business & Economics
Languages : en
Pages : 78
Book Description
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
Publisher: International Monetary Fund
ISBN: 1451848544
Category : Business & Economics
Languages : en
Pages : 78
Book Description
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
An Analysis of the Stability of Money Demand Functions Specified with a Divisia Monetary Aggregate as the Dependent Variable
Author: Richard J. Fendler
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 96
Book Description
Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 96
Book Description