Money Demand In The United States PDF Download
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Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 1988-09-14 |
Genre | : Business & Economics |
ISBN | : 1451953607 |
Download Money Demand in the United States Book in PDF, ePub and Kindle
This paper considers the demand for various monetary aggregates with a view to assessing their potential roles as intermediate variables for monetary policy. Illustrative estimates using a generalized autoregressive distributed lag model are presented. For M1, the results support an “error correction” model. However, the demand function for M1 may still be subject to shifts due to the continuing process of financial reform and innovation. The demand function for M1A resulting from the particular empirical strategy used in this paper is not well behaved. The estimated equation for M2 is well behaved and robust, though the use of M2 as an intermediate target variable is questionable due to an inability accurately to control it.
Author | : Mr.Subramanian S. Sriram |
Publisher | : International Monetary Fund |
Total Pages | : 78 |
Release | : 1999-05-01 |
Genre | : Business & Economics |
ISBN | : 1451848544 |
Download Survey of Literature on Demand for Money Book in PDF, ePub and Kindle
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
Author | : Elias C. Grivoyannis |
Publisher | : Praeger |
Total Pages | : 232 |
Release | : 1991-02-28 |
Genre | : Business & Economics |
ISBN | : |
Download Current Issues in Monetary Policy in the United States and Japan Book in PDF, ePub and Kindle
This study investigates the econometric properties of the demand for money function as it affects monetary policy. Particular emphasis is placed throughout on the general properties of conventional and alternative demand for money specifications and on the predictability of that demand over time. The author tests proposed explanations for the recent abnormal behavior of U.S. money demand by using a new data set--the Japanese data base--for the first time, offering important new insights into the general properties of money demand functions.
Author | : Dennis Hoffman |
Publisher | : |
Total Pages | : 24 |
Release | : 1989 |
Genre | : |
ISBN | : |
Download Long-run income and interest elasticities of money demand in the United States Book in PDF, ePub and Kindle
Author | : David K. Baxter |
Publisher | : |
Total Pages | : 78 |
Release | : 1990 |
Genre | : Demand (Economic theory) |
ISBN | : |
Download Estimating Money Demand in the United States Book in PDF, ePub and Kindle
Author | : Milton Friedman |
Publisher | : New York : National Bureau of Economic Research |
Total Pages | : 1230 |
Release | : 1870 |
Genre | : Business & Economics |
ISBN | : |
Download Monetary Statistics of the United States: Estimates, Sources, Methods Book in PDF, ePub and Kindle
Author | : Milton Friedman |
Publisher | : Princeton University Press |
Total Pages | : 889 |
Release | : 2008-09-02 |
Genre | : Business & Economics |
ISBN | : 140082933X |
Download A Monetary History of the United States, 1867-1960 Book in PDF, ePub and Kindle
“Magisterial. . . . The direct and indirect influence of the Monetary History would be difficult to overstate.”—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve From Nobel Prize–winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz, one of the most important economics books of the twentieth century—the landmark work that rewrote the story of the Great Depression and the understanding of monetary policy Milton Friedman and Anna Jacobson Schwartz’s A Monetary History of the United States, 1867–1960 is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive historical data and sharp analytics to argue that monetary policy—steady control of the money supply—matters profoundly in the management of the nation’s economy, especially in navigating serious economic fluctuations. One of the book’s most important chapters, “The Great Contraction, 1929–33” addressed the central economic event of the twentieth century, the Great Depression. Friedman and Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and countering banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy—an idea that has come to shape the actions of central banks worldwide.
Author | : Edwin Walter Kemmerer |
Publisher | : Sagwan Press |
Total Pages | : 536 |
Release | : 2018-02-09 |
Genre | : History |
ISBN | : 9781377232522 |
Download Seasonal Variations in the Relative Demand for Money and Capital in the United States: A Statistical Study Book in PDF, ePub and Kindle
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author | : Dennis L. Hoffman |
Publisher | : |
Total Pages | : 46 |
Release | : 1991 |
Genre | : Demand for money |
ISBN | : |
Download Money Demand in the US and Japan Book in PDF, ePub and Kindle
Author | : Liam P. Ebrill |
Publisher | : |
Total Pages | : 26 |
Release | : 1988 |
Genre | : |
ISBN | : |
Download Money Demand in the United States Book in PDF, ePub and Kindle