Some searches may not work properly. We apologize for the inconvenience.
My bibliography Save this paperIs Money Demand Really Unstable? Evidence from Divisia Monetary Aggregates
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Barnett, William A. & Ghosh, Taniya & Adil, Masudul Hasan, 2022. "Is money demand really unstable? Evidence from Divisia monetary aggregates," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 606-622.
- Barnett, William A. & Ghosh, Taniya & Adil, Masudul Hasan, 2022. "Is money demand really unstable? Evidence from Divisia monetary aggregates," MPRA Paper 111762, University Library of Munich, Germany.
- William A. Barnett & Taniya Ghosh & Masudul Hasan Adil, 2021. "Is money demand really unstable? Evidence from divisia monetary aggregates," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2021-005, Indira Gandhi Institute of Development Research, Mumbai, India.
References listed on IDEAS
- William A. Barnett & Douglas Fisher & Apostolos Serletis, 2006.
"Consumer Theory and the Demand for Money,"
World Scientific Book Chapters, in: Money And The Economy, chapter 1, pages 3-43,
World Scientific Publishing Co. Pte. Ltd..
- Barnett, William A & Fisher, Douglas & Serletis, Apostolos, 1992. "Consumer Theory and the Demand for Money," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 2086-2119, December.
- William A. Barnett & Douglas Fisher & Apostolos Serletis, 2000. "Consumer Theory and the Demand for Money," Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 389-427, Emerald Group Publishing Limited.
- Arrau, Patricio & De Gregorio, Jose & Reinhart, Carmen M. & Wickham, Peter, 1995.
"The demand for money in developing countries: Assessing the role of financial innovation,"
Journal of Development Economics, Elsevier, vol. 46(2), pages 317-340, April.
- Reinhart, Carmen & Arrau, Patricio & DeGregorio, Jose & Wickham, Peter, 1991. "The demand for money in developing countries: Assessing the role of financial innovation," MPRA Paper 13691, University Library of Munich, Germany.
- Reinhart, Carmen & Arrau, Patricio & DeGregorio, Jose & Wickham, Peter, 1995. "The demand for money in developing countries: Assessing the role of financial innovation," MPRA Paper 14096, University Library of Munich, Germany.
- Mr. Jose De Gregorio & Mr. Peter Wickham & Patricio Arrau & Ms. Carmen Reinhart, 1991. "The Demand for Money in Developing Countries: Assessing the Role of Financial innovation," IMF Working Papers 1991/045, International Monetary Fund.
- Arrau, Patricio & De Gregorio, Jose & Reinhart, Carmen & Wickham, Peter, 1991. "The demand for money in developing countries : assessing the role of financial innovation," Policy Research Working Paper Series 721, The World Bank.
- William A. Barnett, 2000.
"New Indices of Money Supply and the Flexible Laurent Demand System,"
Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 325-359,
Emerald Group Publishing Limited.
- Barnett, William A, 1983. "New Indices of Money Supply and the Flexible Laurent Demand System," Journal of Business & Economic Statistics, American Statistical Association, vol. 1(1), pages 7-23, January.
- Anindya Banerjee & Juan Dolado & Ricardo Mestre, 1998. "Error‐correction Mechanism Tests for Cointegration in a Single‐equation Framework," Journal of Time Series Analysis, Wiley Blackwell, vol. 19(3), pages 267-283, May.
- G. Coenen & J.-L. Vega, 2001.
"The demand for M3 in the euro area,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(6), pages 727-748.
- Vega, Juan Luis & Coenen, Günter, 1999. "The demand for M3 in the euro area," Working Paper Series 6, European Central Bank.
- Gunter Coenen & Juan Luis Vega, 2000. "The Demand for M3 in the Euro Area," Econometric Society World Congress 2000 Contributed Papers 0976, Econometric Society.
- Belongia, Michael T. & Ireland, Peter N., 2019.
"The demand for Divisia Money: Theory and evidence,"
Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
- Michael T. Belongia & Peter N. Ireland, 2017. "The Demand for Divisia Money: Theory and Evidence," Boston College Working Papers in Economics 937, Boston College Department of Economics.
- repec:bla:econom:v:51:y:1984:i:204:p:473-76 is not listed on IDEAS
- Saten Kumar & Don J. Webber, 2013.
"Australasian money demand stability: application of structural break tests,"
Applied Economics, Taylor & Francis Journals, vol. 45(8), pages 1011-1025, March.
- Kumar, Saten & Webber, Don J., 2010. "Australasian money demand stability: Application of structural break tests," MPRA Paper 27569, University Library of Munich, Germany.
- Don J. Webber & Saten Kumar, 2011. "Australasian money demand stability:Application of structural break tests," Working Papers 1101, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
- Hamori, Shigeyuki & Hamori, Naoko, 2008. "Demand for money in the Euro area," Economic Systems, Elsevier, vol. 32(3), pages 274-284, September.
- Ryadh Alkhareif & Moayad Al-Rasasi, 2021. "Estimating the money demand function for Saudi Arabia using divisia monetary aggregate," Applied Economics, Taylor & Francis Journals, vol. 53(42), pages 4823-4834, September.
- Drama, Bedi Guy Herve & Yao, Shen, 2010. "The Demand for Money in Cote d’Ivoire: Evidence from the Cointegration Test," MPRA Paper 20131, University Library of Munich, Germany.
- K. Alec Chrystal & Ronald MacDonald, 1994.
"Empirical evidence on the recent behavior and usefulness of simple-sum and weighted measures of the money stock,"
Review, Federal Reserve Bank of St. Louis, issue Mar, pages 73-109.
- K. Alec Chrystal & Ronald MacDonald, 1994. "Empirical evidence on the recent behavior and usefulness of simple-sum and weighted measures of the money stock," Proceedings, Federal Reserve Bank of St. Louis, issue Mar, pages 73-109.
- Hendrickson, Joshua R., 2014.
"Redundancy Or Mismeasurement? A Reappraisal Of Money,"
Macroeconomic Dynamics, Cambridge University Press, vol. 18(7), pages 1437-1465, October.
- Hendrickson, Joshua, 2010. "Redundancy or Mismeasurement? A Reappraisal of Money," MPRA Paper 21477, University Library of Munich, Germany.
- Kremers, Jeroen J M & Ericsson, Neil R & Dolado, Juan J, 1992.
"The Power of Cointegration Tests,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 325-348, August.
- Juan J. Dolado & Neil R. Ericsson & Jeroen J. M. Kremers, 1992. "The power of cointegration tests," International Finance Discussion Papers 431, Board of Governors of the Federal Reserve System (U.S.).
- Miller, Stephen M, 1991. "Monetary Dynamics: An Application of Cointegration and Error-Correction Modeling," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(2), pages 139-154, May.
- Nelson, Edward, 2003.
"The future of monetary aggregates in monetary policy analysis,"
Journal of Monetary Economics, Elsevier, vol. 50(5), pages 1029-1059, July.
- Nelson, Edward, 2003. "The Future of Monetary Aggregates in Monetary Policy Analysis," CEPR Discussion Papers 3897, C.E.P.R. Discussion Papers.
- Barnett, William A. & Bella, Giovanni & Ghosh, Taniya & Mattana, Paolo & Venturi, Beatrice, 2022.
"Shilnikov chaos, low interest rates, and New Keynesian macroeconomics,"
Journal of Economic Dynamics and Control, Elsevier, vol. 134(C).
- Barnett, William A. & Bella, Giovanni & Ghosh, Taniya & Mattana, Paolo & Venturi, Beatrice, 2019. "Shilnikov Chaos, Low Interest Rates, And New Keynesian Macroeconomics," Studies in Applied Economics 142, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
- William A. Barnett & Giovanni Bella & Taniya Ghosh & Paolo Mattana & Beatrice Venturi, 2020. "Shilnikov chaos, low interest rates, and new Keynesian macroeconomics," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2020-006, Indira Gandhi Institute of Development Research, Mumbai, India.
- Barnett, William & Bella, Giobanni & Ghosh, Taniya & Mattana, Paolo & Venturi, Beatrice, 2020. "Shilnikov Chaos, Low Interest Rates, and New Keynesian Macroeconomics," MPRA Paper 98417, University Library of Munich, Germany.
- William Barnett & Giovanni Bella & Taniya Ghosh & Paolo Mattana & Beatrice Venturi, 2020. "Shilnikov Chaos, Low Interest Rates, and New Keynesian Macroeconomics," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202001, University of Kansas, Department of Economics, revised Jan 2020.
- Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
- Milton Friedman, 1959.
"The Demand for Money: Some Theoretical and Empirical Results,"
NBER Chapters, in: The Demand for Money: Some Theoretical and Empirical Results, pages 1-29,
National Bureau of Economic Research, Inc.
- Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," Journal of Political Economy, University of Chicago Press, vol. 67(4), pages 327-327.
- Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," NBER Books, National Bureau of Economic Research, Inc, number frie59-1.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
- M. Hashem Pesaran & Ron P. Smith, 1998.
"Structural Analysis of Cointegrating VARs,"
Journal of Economic Surveys, Wiley Blackwell, vol. 12(5), pages 471-505, December.
- Pesaran, M Hashem & Smith, Ron P, 1998. "Structural Analysis of Cointegrating VARs," Journal of Economic Surveys, Wiley Blackwell, vol. 12(5), pages 471-505, December.
- Pesaran, M. H. & Smith, Ron P., 1998. "Structural Analysis of Cointegrating VARs," Cambridge Working Papers in Economics 9811, Faculty of Economics, University of Cambridge.
- Darvas, Zsolt, 2015.
"Does money matter in the euro area? Evidence from a new Divisia index,"
Economics Letters, Elsevier, vol. 133(C), pages 123-126.
- Zsolt Darvas, 2014. "Does money matter in the euro area? Evidence from a new Divisia index," CERS-IE WORKING PAPERS 1433, Institute of Economics, Centre for Economic and Regional Studies.
- Zsolt Darvas, 2014. "Does Money Matter in the Euro area? Evidence from a new Divisia Index," Working Papers 854, Bruegel.
- Zsolt Darvas, 2014. "Does money matter in the euro area? Evidence from a new Divisia index," Working Papers 1401, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
- Claus Brand & Nuno Cassola, 2004.
"A money demand system for euro area M3,"
Applied Economics, Taylor & Francis Journals, vol. 36(8), pages 817-838.
- Brand, Claus & Cassola, Nuno, 2000. "A money demand system for euro area M3," Working Paper Series 39, European Central Bank.
- Michael T. Belongia & Peter N. Ireland, 2016.
"Money and Output: Friedman and Schwartz Revisited,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(6), pages 1223-1266, September.
- Michael T. Belongia & Peter N. Ireland, 2015. "Money and Output: Friedman and Schwartz Revisited," NBER Working Papers 21796, National Bureau of Economic Research, Inc.
- William A. Barnett, 2000.
"Economic Monetary Aggregates: An Application of Index Number and Aggregation Theory,"
Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 11-48,
Emerald Group Publishing Limited.
- Barnett, William A., 1980. "Economic monetary aggregates an application of index number and aggregation theory," Journal of Econometrics, Elsevier, vol. 14(1), pages 11-48, September.
- Funke, Michael, 2001.
"Money demand in Euroland,"
Journal of International Money and Finance, Elsevier, vol. 20(5), pages 701-713, October.
- Michael Funke, 2001. "Money Demand in Euroland," Quantitative Macroeconomics Working Papers 20112, Hamburg University, Department of Economics.
- William A. Barnett, 2000.
"Which Road Leads to Stable Money Demand?,"
Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 577-592,
Emerald Group Publishing Limited.
- Barnett, William A, 1997. "Which Road Leads to Stable Money Demand?," Economic Journal, Royal Economic Society, vol. 107(443), pages 1171-1185, July.
- William A. Barnett, 1996. "Which Road Leads to Stable Money Demand?," Macroeconomics 9611001, University Library of Munich, Germany.
- John W. Keating & Logan J. Kelly & A. Lee Smith & Victor J. Valcarcel, 2019. "A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(1), pages 227-259, February.
- Bahmani-Oskooee, Mohsen, 2001. "How stable is M2 money demand function in Japan?," Japan and the World Economy, Elsevier, vol. 13(4), pages 455-461, December.
- Ali Jadidzadeh & Apostolos Serletis, 2019.
"The Demand for Assets and Optimal Monetary Aggregation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(4), pages 929-952, June.
- Apostolos Serletis & Ali Jadidzadeh, "undated". "The Demand for Assets and Optimal Monetary Aggregation," Working Papers 2018-05, Department of Economics, University of Calgary, revised 26 Jun 2018.
- Ball, Laurence, 2001.
"Another look at long-run money demand,"
Journal of Monetary Economics, Elsevier, vol. 47(1), pages 31-44, February.
- Laurence Ball, 1998. "Another Look at Long-Run Money Demand," NBER Working Papers 6597, National Bureau of Economic Research, Inc.
- Aggarwal, Sakshi, 2016. "Determinants of money demand for India in presence of structural break: An empirical analysis," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 12(4).
- M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
- Apostolos Serletis & Periklis Gogas, 2014.
"Divisia Monetary Aggregates, the Great Ratios, and Classical Money Demand Functions,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(1), pages 229-241, February.
- Apostolos Serletis & Periklis Gogas, "undated". "Divisia Monetary Aggregates, the Great Ratios, and Classical Money Demand Functions," Working Papers 2013-02, Department of Economics, University of Calgary.
- Belongia, Michael T. & Ireland, Peter N., 2014.
"The Barnett critique after three decades: A New Keynesian analysis,"
Journal of Econometrics, Elsevier, vol. 183(1), pages 5-21.
- Michael T. Belongia & Peter N. Ireland, 2010. "The Barnett Critique After Three Decades: A New Keynesian Analysis," Boston College Working Papers in Economics 736, Boston College Department of Economics.
- Michael T. Belongia & Peter N. Ireland, 2012. "The Barnett Critique After Three Decades: A New Keynesian Analysis," NBER Working Papers 17885, National Bureau of Economic Research, Inc.
- Orden, David & Fisher, Lance A, 1993. "Financial Deregulation and the Dynamics of Money, Prices, and Output in New Zealand and Australia," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(2), pages 273-292, May.
- Dekle, Robert & Pradhan, Mahmood, 1999. "Financial Liberalization and Money Demand in the ASEAN Countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 4(3), pages 205-215, July.
- William A. Barnett & Edward K. Offenbacher & Paul A. Spindt, 2000.
"The New Divisia Monetary Aggregates,"
Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 360-388,
Emerald Group Publishing Limited.
- Barnett, William A & Offenbacher, Edward K & Spindt, Paul A, 1984. "The New Divisia Monetary Aggregates," Journal of Political Economy, University of Chicago Press, vol. 92(6), pages 1049-1085, December.
- William A. Barnett, 2000.
"The Optimal Level of Monetary Aggregation,"
Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 125-149,
Emerald Group Publishing Limited.
- Barnett, William A, 1982. "The Optimal Level of Monetary Aggregation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(4), pages 687-710, November.
- Mohsen Bahmani-Oskooee & Hafez Rehman, 2005. "Stability of the money demand function in Asian developing countries," Applied Economics, Taylor & Francis Journals, vol. 37(7), pages 773-792.
- Ramachandran, M., 2004. "Do broad money, output, and prices stand for a stable relationship in India?," Journal of Policy Modeling, Elsevier, vol. 26(8-9), pages 983-1001, December.
- P K Narayan & S Narayan, 2008. "Estimating the Demand for Money in an Unstable Open Economy: The Case of the Fiji Islands," Economic Issues Journal Articles, Economic Issues, vol. 13(1), pages 71-91, March.
- Stephen M. Goldfeld, 1976. "The Case of the Missing Money," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(3), pages 683-740.
- Masudul Hasan Adil & Salman Haider & Neeraj R. Hatekar, 2020. "Empirical Assessment of Money Demand Stability Under India’s Open Economy: Non-linear ARDL Approach," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 18(4), pages 891-909, December.
- Arango, Sebastian & Ishaq Nadiri, M., 1981. "Demand for money in open economies," Journal of Monetary Economics, Elsevier, vol. 7(1), pages 69-83.
- Engle, Robert & Granger, Clive, 2015.
"Co-integration and error correction: Representation, estimation, and testing,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-276, March.
- Barnett, William A. & Park, Hyun & Park, Sohee, 2021.
"The Barnett Critique,"
MPRA Paper
108413, University Library of Munich, Germany.
- William Barnett & Hyun Park & Sohee Park, 2021. "The Barnett Critique," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202115, University of Kansas, Department of Economics, revised Jun 2021.
- Baharumshah, Ahmad Zubaidi & Mohd, Siti Hamizah & Mansur M. Masih, A., 2009. "The stability of money demand in China: Evidence from the ARDL model," Economic Systems, Elsevier, vol. 33(3), pages 231-244, September.
- Akhand Akhtar Hossain & Sayera Younus, 2009. "Interest Rates and the Demand for Money in Bangladesh: An Empirical Investigation with Quarterly Data, 1997Q4-2006Q4," The IUP Journal of Monetary Economics, IUP Publications, vol. 0(1), pages 78-98, February.
- Taniya Ghosh & Prashant Mehul Parab, 2019.
"Testing the Friedman-Schwartz Hypothesis Using Time Varying Correlation,"
Working Papers
id:12986, eSocialSciences.
- Taniya Ghosh & Prashant Mehul Parab, 2019. "Testing the Friedman-Schwartz hypothesis using time varying correlation," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-001, Indira Gandhi Institute of Development Research, Mumbai, India.
- Michael T. Belongia & Peter N. Ireland, 2022. "Strengthening the second pillar: a greater role for money in the ECB’s strategy," Applied Economics, Taylor & Francis Journals, vol. 54(1), pages 99-114, January.
- Gabriel De La Fuente & Luis P. De La Horra & Javier Perote, 2020. "The demand for Divisia money in the United States: evidence from the CFS Divisia M3 aggregate," Applied Economics Letters, Taylor & Francis Journals, vol. 27(1), pages 41-45, January.
- Youngsoo Bae & Robert M. de Jong, 2007. "Money demand function estimation by nonlinear cointegration," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(4), pages 767-793.
- Roley, V Vance, 1985. "Money Demand Predictability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(4), pages 611-641, November.
- V. Vance Roley, 1985. "Money Demand Predictability," NBER Working Papers 1580, National Bureau of Economic Research, Inc.
- Arrau, Patricio & De Gregorio, Jose, 1993. "Financial Innovation and Money Demand: Application to Chile and Mexico," The Review of Economics and Statistics, MIT Press, vol. 75(3), pages 524-530, August.
- Salman Haider & Aadil Ahmad Ganaie & Bandi Kamaiah, 2017. "Asymmetric exchange rate effect on money demand under open economy in case of India," Economics Bulletin, AccessEcon, vol. 37(1), pages 168-179.
- Taniya Ghosh & Prashant Mehul Parab, 2019. "Testing the Friedman–Schwartz hypothesis using time-varying correlation analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 26(20), pages 1694-1699, November.
- Lucas, Robert E. & Nicolini, Juan Pablo, 2015.
"On the stability of money demand,"
Journal of Monetary Economics, Elsevier, vol. 73(C), pages 48-65.
- Robert Lucas, Jr. & Juan Nicolini, 2013. "On the stability of money demand," 2013 Meeting Papers 353, Society for Economic Dynamics.
- Robert E. Lucas & Juan Pablo Nicolini, 2015. "On the Stability of Money Demand," Working Papers 718, Federal Reserve Bank of Minneapolis.
- Yoshihisa Baba & David F. Hendry & Ross M. Starr, 1992. "The Demand for M1 in the U.S.A., 1960–1988," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(1), pages 25-61.
- Hafer, R W & Jansen, Dennis W, 1991.
"The Demand for Money in the United States: Evidence from Cointegration Tests,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(2), pages 155-168, May.
- Hafer, R.W. & Jansen, D.W., 1990. "The Demand For Money In The United States: Evidence From Cointegration Tests," Papers 9010, Erasmus University of Rotterdam - Institute for Economic Research.
- James, Gregory A., 2005. "Money demand and financial liberalization in Indonesia," Journal of Asian Economics, Elsevier, vol. 16(5), pages 817-829, October.
- Pesaran, M. Hashem & Shin, Yongcheol, 1996.
"Cointegration and speed of convergence to equilibrium,"
Journal of Econometrics, Elsevier, vol. 71(1-2), pages 117-143.
- Pesaran, M.H. & Shin, Y., 1993. "Cointegration and Speed of Convergence to Equilibrium," Cambridge Working Papers in Economics 9311, Faculty of Economics, University of Cambridge.
- Sakshi Aggarwal, 2016. "Determinants of money demand for India in presence of structural break: An empirical analysis," Business and Economic Horizons (BEH), Prague Development Center, vol. 12(4), pages 173-177, December.
- Drake, Leigh & Chrystal, K Alec, 1994. "Company-Sector Money Demand: New Evidence on the Existence of a Stable Long-Run Relationship for the United Kingdom," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(3), pages 479-494, August.
- Mohsen Bahmani-Oskooee & Sahar Bahmani & Alice Kones & Ali M. Kutan, 2015. "Policy uncertainty and the demand for money in the United Kingdom," Applied Economics, Taylor & Francis Journals, vol. 47(11), pages 1151-1157, March.
- ., 2022. "Economics, property rights and economic analysis of law," Chapters, in: The Economic Analysis of Civil Law, chapter 3, pages 53-101, Edward Elgar Publishing.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Claudia Buch, 2001. "Money demand in Hungary and Poland," Applied Economics, Taylor & Francis Journals, vol. 33(8), pages 989-999.
- Yashiv, Eran, 1994. "Money Demand in a High Inflation Economy: The Case of Israel," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 186-191, February.
- Masudul Hasan Adil & Neeraj Hatekar & Pravakar Sahoo, 2020. "The Impact of Financial Innovation on the Money Demand Function: An Empirical Verification in India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 14(1), pages 28-61, February.
- Akhand Hossain, 2012. "Modelling of narrow money demand in Australia: an ARDL cointegration approach, 1970–2009," Empirical Economics, Springer, vol. 42(3), pages 767-790, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zhan, Minghua & Wang, Lijun & Zhan, Shuwei & Lu, Yao, 2023. "Does digital finance change the stability of money demand function? Evidence from China," Journal of Asian Economics, Elsevier, vol. 88(C).
- Yao Li & Yugang He, 2024. "Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability," Sustainability, MDPI, vol. 16(5), pages 1-29, March.
- Masudul Hasan Adil & Rafiq Hussain & Adelajda Matuka, 2022. "Interest rate sensitivity of demand for money and effectiveness of monetary policy: fresh evidence from combined cointegration test and ARDL approach," SN Business & Economics, Springer, vol. 2(7), pages 1-24, July.
- Barlow, David, 2023. "The stability of UK households Divisia money balances," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 451-459.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Masudul Hasan Adil & Rafiq Hussain & Adelajda Matuka, 2022. "Interest rate sensitivity of demand for money and effectiveness of monetary policy: fresh evidence from combined cointegration test and ARDL approach," SN Business & Economics, Springer, vol. 2(7), pages 1-24, July.
- Masudul Hasan Adil & Neeraj Hatekar & Pravakar Sahoo, 2020. "The Impact of Financial Innovation on the Money Demand Function: An Empirical Verification in India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 14(1), pages 28-61, February.
- Belongia, Michael T. & Ireland, Peter N., 2019.
"The demand for Divisia Money: Theory and evidence,"
Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
- Michael T. Belongia & Peter N. Ireland, 2017. "The Demand for Divisia Money: Theory and Evidence," Boston College Working Papers in Economics 937, Boston College Department of Economics.
- Masudul Hasan Adil & Salman Haider & Neeraj R. Hatekar, 2020. "Empirical Assessment of Money Demand Stability Under India’s Open Economy: Non-linear ARDL Approach," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 18(4), pages 891-909, December.
- Zhan, Minghua & Wang, Lijun & Zhan, Shuwei & Lu, Yao, 2023. "Does digital finance change the stability of money demand function? Evidence from China," Journal of Asian Economics, Elsevier, vol. 88(C).
- Akhand Hossain, 2012. "Modelling of narrow money demand in Australia: an ARDL cointegration approach, 1970–2009," Empirical Economics, Springer, vol. 42(3), pages 767-790, June.
- Adil, Masudul Hasan & Haider, Salman & Hatekar, Neeraj, 2018. "The empirical verification of money demand in case of India: Post-reform era," MPRA Paper 87148, University Library of Munich, Germany, revised 07 Jun 2018.
- repec:diw:diwwpp:dp982 is not listed on IDEAS
- repec:zbw:rwirep:0171 is not listed on IDEAS
- Arrau, Patricio & De Gregorio, Jose & Reinhart, Carmen M. & Wickham, Peter, 1995.
"The demand for money in developing countries: Assessing the role of financial innovation,"
Journal of Development Economics, Elsevier, vol. 46(2), pages 317-340, April.
- Arrau, Patricio & De Gregorio, Jose & Reinhart, Carmen & Wickham, Peter, 1991. "The demand for money in developing countries : assessing the role of financial innovation," Policy Research Working Paper Series 721, The World Bank.
- Reinhart, Carmen & Arrau, Patricio & DeGregorio, Jose & Wickham, Peter, 1995. "The demand for money in developing countries: Assessing the role of financial innovation," MPRA Paper 14096, University Library of Munich, Germany.
- Reinhart, Carmen & Arrau, Patricio & DeGregorio, Jose & Wickham, Peter, 1991. "The demand for money in developing countries: Assessing the role of financial innovation," MPRA Paper 13691, University Library of Munich, Germany.
- Mr. Jose De Gregorio & Mr. Peter Wickham & Patricio Arrau & Ms. Carmen Reinhart, 1991. "The Demand for Money in Developing Countries: Assessing the Role of Financial innovation," IMF Working Papers 1991/045, International Monetary Fund.
- Ansgar Belke & Robert Czudaj, 2010.
"Is Euro Area Money Demand (Still) Stable? Cointegrated VAR Versus Single Equation Techniques,"
Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 56(4), pages 285-315.
- Ansgar Belke & Robert Czudaj, 2010. "Is Euro Area Money Demand (Still) Stable?: Cointegrated VAR versus Single Equation Techniques," Discussion Papers of DIW Berlin 982, DIW Berlin, German Institute for Economic Research.
- Belke, Ansgar & Czudaj, Robert, 2010. "Is Euro Area Money Demand (Still) Stable? – Cointegrated VAR versus Single Equation Techniques," Ruhr Economic Papers 171, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Ansgar Belke & Robert Czudaj, 2010. "Is Euro Area Money Demand (Still) Stable? – Cointegrated VAR versus Single Equation Techniques," Ruhr Economic Papers 0171, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
- C. P. Barros & João Ricardo Faria & Luis A. Gil-Alana, 2017. "The demand for money in Angola," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 41(2), pages 408-420, April.
- Serletis, Apostolos & Xu, Libo, 2020. "Functional monetary aggregates, monetary policy, and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 121(C).
- Ben-Salha, Ousama & Jaidi, Zied, 2014.
"Some new evidence on the determinants of money demand in developing countries – A case study of Tunisia,"
The Journal of Economic Asymmetries, Elsevier, vol. 11(C), pages 30-45.
- Ben Salha, Ousama & Jaidi, Zied, 2013. "Some new evidence on the determinants of money demand in developing countries – A case study of Tunisia," MPRA Paper 51788, University Library of Munich, Germany.
- Libo Xu & Apostolos Serletis, 2022. "The Demand for Assets: Evidence from the Markov Switching Normalized Quadratic Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(4), pages 989-1025, June.
- Dai, Wei & Serletis, Apostolos, 2019.
"On the Markov switching welfare cost of inflation,"
Journal of Economic Dynamics and Control, Elsevier, vol. 108(C).
- Apostolos Serletis & Wei Dai, "undated". "On the Markov Switching Welfare Cost of Inflation," Working Papers 2019-12, Department of Economics, University of Calgary, revised 30 Aug 2019.
- Mcgibany, James M. & Nourzad, Farrokh, 1995. "Exchange rate volatility and the demand for money in the U.S," International Review of Economics & Finance, Elsevier, vol. 4(4), pages 411-425.
- Tuck Cheong Tang, 2008. "Money demand function for Southeast Asian countries," Journal of Economic Studies, Emerald Group Publishing, vol. 34(6), pages 476-496, January.
- Adnan Haider & Asad Jan & Kalim Hyder, 2013.
"On the (Ir)Relevance of Monetary Aggregate Targeting in Pakistan: An Eclectic View,"
Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 18(2), pages 65-119, July-Dec.
- Haider, Adnan & Jan, Asad & Hyder, Kalim, 2012. "On the (IR) Relevance of Monetary Aggregate Targeting in Pakistan: An Eclectic View," MPRA Paper 43422, University Library of Munich, Germany.
- Asad Jan & Adnan Haider & Syed Kalim Hyder Bukhari, 2013. "On The (Ir)relevance of Monetary Aggregate Targeting in Pakistan: An Eclectic View," SBP Working Paper Series 62, State Bank of Pakistan, Research Department.
- Chen, Zhengyang & Valcarcel, Victor J., 2021. "Monetary transmission in money markets: The not-so-elusive missing piece of the puzzle," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).
- Duca, John V. & VanHoose, David D., 2004. "Recent developments in understanding the demand for money," Journal of Economics and Business, Elsevier, vol. 56(4), pages 247-272.
More about this item
Keywords
Narrow money demand; broad money demand; simple-sum monetary aggregates; Divisia monetary aggregates; ARDL cointegration approach;All these keywords.
JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2022-02-07 (Central Banking)
- NEP-EEC-2022-02-07 (European Economics)
- NEP-MAC-2022-02-07 (Macroeconomics)
- NEP-MON-2022-02-07 (Monetary Economics)
- NEP-PAY-2022-02-07 (Payment Systems and Financial Technology)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kan:wpaper:202204. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Professor Zongwu Cai (email available below). General contact details of provider: https://edirc.repec.org/data/deuksus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.