Another look at long-run money demand
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Another look at long-run money demand by Laurence M. Ball

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

Subjects:

  • Demand for money -- United States -- Econometric models.,
  • Interest rates -- United States -- Econometric models.

Book details:

Edition Notes

StatementLaurence Ball.
SeriesNBER working paper series -- working paper 6597, Working paper series (National Bureau of Economic Research) -- working paper no. 6597.
ContributionsNational Bureau of Economic Research.
The Physical Object
Pagination14, [7] p. :
Number of Pages14
ID Numbers
Open LibraryOL22403000M

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This paper investigates the long-run demand for M1 in the postwar United States. Previous studies, based on data ending in the late s, are inconclusive about the parameters of postwar money demand. This paper obtains precise estimates of Cited by: Get this from a library! Another Look at Long-Run Money Demand. [Laurence Ball; National Bureau of Economic Research.;] -- This paper investigates the long-run demand for M1 in the postwar United States. Previous studies, based on data ending in the late 's, are inconclusive about the parameters of postwar money. Journals & Books; Help Download PDF Download. Share. Export. Advanced. Journal of Monetary Economics. Vol Issue 1, February , Pages Another look at long-run money demand Cited by: Another Look at Long-Run Money Demand. By Laurence Ball. Download PDF ( KB) Abstract. This paper investigates the long-run demand for M1 in the postwar United States. Previous studies, based on data ending in the late 's, are inconclusive about the parameters of postwar money : Laurence Ball.

Downloadable (with restrictions)! This paper investigates the long-run demand for M1 in the postwar United States. Previous studies, based on data ending in the late 's, are inconclusive about the parameters of postwar money demand. This paper obtains precise estimates of these parameters by extending the data through The income elasticity of money demand is . Another look at long-run money demandq Laurence Ball!,",*!Johns Hopkins University, Baltimore, MD , USA "Bank of England, Threadneedle Street HO-3, London, EC2R 8AH, UK Received 15 June ; received in revised form 11 January ; accepted 23 February Abstract This paper investigates the long-run demand for M1 in the postwar United. Another Look at Long-Run Money Demand - CORE Reader. "Another look at long-run money demand," Journal of Monetary Economics, Elsevier, vol. 47(1), pages , February. Laurence Ball, " Another Look at Long-Run Money Demand," NBER Working Papers , National Bureau of Economic Research, by:

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper investigates the long-run demand for M1 in the postwar United States. Previous studies, based on data ending in the late s, are inconclusive about the parameters of postwar money demand. This paper obtains precise estimates of these parameters by extending the data . Stock and Watson () conclude that a long span of data is needed to estimate long-run money demand functions precisely. Their overall evidence is in favor of a stable long-run money demand function with an income elasticity near one and an interest rate semielasticity near However, the postwar data are found to be not very informative. The paper estimates a long-run demand function for M1, using U.S. data for This paper interprets deviations from this long-run relation with Goldfeld's partial adjustment model. A key innovation is the choice of the interest rate in the money demand function. Most previous work uses a short-term market rate, but this paper uses the average return on near monies' . Another look at long-run money demand Journal of Monetary Economics, , 47, (1), View citations () See also Working Paper () How do forecasts respond to changes in monetary policy? Business Review, , (Q4), View citations (1) Reglas de política y choques externos Revista Estudios Económicos, , (7)