In search for stability: An empirical appraisal of the demand for money in the G7 and EC countries

Autor:	Martin M.G. Fase
Rok vydání:	1994
Předmět:	Demand management Macroeconomics Economics and Econometrics Endogenous money Demand deposit Demand shock Economics Demand for money Speculative demand Crowding out Aggregate demand
Zdroj:	De Economist. 142:421-454
ISSN:	1572-9982 0013-063X
Popis:	The demand for money has been at the centre of monetary econometrics. The policy debate has focused on the stability issue. To investigate this the present paper presents an overview of 400 estimated demand-for-money equations in the EC countries and G7 member states taken from the literature. The results of this survey suggest, firstly, serious doubts on the stability of the demand for money and, secondly, a remarkable evolution in econometric methodology in an attempt to improve the statistical evidence. Thirdly and important from a policy perspective, the analysis of the reported standard errors of the equations shows that among the large European countries Germany has the most stable money demand.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d2b71f2a71dc226a72842118d27f5f44 https://doi.org/10.1007/bf01384465 Zobrazit plný text záznamu Plný text ve formátu PDF