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.Cointegration · exogeneity · financial innovation · money demand · parameter constancy
The empirical analysis of money demand seems to be of crucial importance for checking the existence ...
In this article there is more information about the law of demand and supply and the connection of t...
This paper explores the behavior of money demand by explicitly accounting for the money supply endog...
This paper evaluates an empirical model of U.K. money demand developed by Milton Friedman and Anna J...
This paper evaluates an empirical model of U.K. money demand developed by Milton Friedman and Anna J...
This paper evaluates an empirical model of U.K. money demand developed by Milton Friedman and Anna J...
Despite the importance of well-specified empirical money-demand functions for inference, forecasting...
This paper evaluates an empirical model of UK money demand developed by Friedman and Schwartz in Mon...
This paper embeds two key ideas about the nature of financial innovation taken from the empirical li...
Despite thirty years of research there is still widespread disagreement about even the basic explana...
Using annual data from Friedman and Schwartz (1982), Hendry and Ericsson (1991a) developed an empiri...
Using annual data from M. Friedman and A. Schwartz (1982), D. F. Hendry and N. R. Ericsson (1991) de...
Using annual data from Friedman and Schwartz (1982), Hendry and Ericsson (1991a) developed an empiri...
One of the current questions in the literature on the demand for money is whether the adjustment of ...
One of the current questions in the literature on the demand for money is whether the adjustment of ...
The empirical analysis of money demand seems to be of crucial importance for checking the existence ...
In this article there is more information about the law of demand and supply and the connection of t...
This paper explores the behavior of money demand by explicitly accounting for the money supply endog...
This paper evaluates an empirical model of U.K. money demand developed by Milton Friedman and Anna J...
This paper evaluates an empirical model of U.K. money demand developed by Milton Friedman and Anna J...
This paper evaluates an empirical model of U.K. money demand developed by Milton Friedman and Anna J...
Despite the importance of well-specified empirical money-demand functions for inference, forecasting...
This paper evaluates an empirical model of UK money demand developed by Friedman and Schwartz in Mon...
This paper embeds two key ideas about the nature of financial innovation taken from the empirical li...
Despite thirty years of research there is still widespread disagreement about even the basic explana...
Using annual data from Friedman and Schwartz (1982), Hendry and Ericsson (1991a) developed an empiri...
Using annual data from M. Friedman and A. Schwartz (1982), D. F. Hendry and N. R. Ericsson (1991) de...
Using annual data from Friedman and Schwartz (1982), Hendry and Ericsson (1991a) developed an empiri...
One of the current questions in the literature on the demand for money is whether the adjustment of ...
One of the current questions in the literature on the demand for money is whether the adjustment of ...
The empirical analysis of money demand seems to be of crucial importance for checking the existence ...
In this article there is more information about the law of demand and supply and the connection of t...
This paper explores the behavior of money demand by explicitly accounting for the money supply endog...
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