A TIMEWISE SPECIFICATION SENSITIVE LOOK at MONEY DEMAND: AN ANALYSIS of US DATA

Araştırma sonucu: Dergiye katkıMakalebilirkişi

Özet

This paper analyses the money demand relationship with a clear distinction in the functional forms of short- and long-run. It is shown that there is a long-run relationship between money and income, and that money demand declines after a certain level of income is achieved in the short-run. Demand tends to converge to its long-run levels. Credit has a negative but statistically insignificant impact on money demand.

Orijinal dilİngilizce
Makale numarası7500030
DergiAnnals of Financial Economics
Hacim3
Basın numarası1
DOI'lar
Yayın durumuYayınlandı - 1 Haz 2007
Harici olarak yayınlandıEvet

Bibliyografik not

Publisher Copyright:
© 2007 World Scientific Publishing Company.

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