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Divisia Aggregation and Substitutability Among Monetary Assets

Apostolos Serletis and A. Robb ()

Chapter 8 in Money and the Economy, 2006, pp 147-166 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionTheoretical FoundationsDemand System SpecificationStochastic Specification and EstimationElasticitiesDataNear-Bank LiabilitiesAggregationAggregation of ComponentsData Sources and AdjustmentsEmpirical Results InterpretationConclusions

Keywords: Monetary Aggregation; Demand for Money; Demand Systems; Flexible Functional Forms; Welfare Cost of Inflation; Money-Income Causality; Nominal Stylized Facts (search for similar items in EconPapers)
Date: 2006
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Journal Article: Divisia Aggregation and Substitutability among Monetary Assets (1986) Downloads
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