Empirical modeling of money demand

被引：5

作者：

Ericsson N.R. ^{[1
]}

机构：

[1] Stop 24, Division of International Finance, Federal Reserve Board, Washington, DC 20551, 2000 C Street, N.W.

来源：

Empirical Economics | 1998年 / 23卷 / 3期

关键词：

Cointegration; exogeneity; financial innovation; money demand; parameter constancy; E41; E52;

D O I：

10.1007/BF01294409

中图分类号：

学科分类号：

摘要：

This paper examines several central issues in the empirical modeling of money demand. These issues include economic theory, data measurement, parameter constancy, the opportunity cost of holding money, cointegration, model specification, exogeneity, and inferences for policy. Review of these issues at a general level is paralleled by discussion of specific empirical applications, including some new results on the demand for narrow money in the United Kingdom.

引用

页码：295 / 315

页数：20

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