A Survey of Recent Empirical Money Demand Studies

Subramanian S. Sriram
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Subramanian S. Sriram: International Monetary Fund

IMF Staff Papers, 2001, vol. 47, issue 3, 3

Abstract: This paper surveys a selected number of studies that evaluated the demand for money using the error-correction model approach in the 1990s across a range of industrial and developing countries. It briefly presents issues relevant to modeling and estimating the demand for money; and synthesizes information concerning variables, data period and frequency, unit root and cointegration techniques, stability tests, and findings in a tabular form. In addition, it presents estimated long-run income elasticity and elasticities or semi-elasticities for opportunity cost and other variables in a comparable framework. It aims to provide a reference tool for future research on demand for money in various countries. Copyright 2001, International Monetary Fund

JEL-codes: E41 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (74)

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