The Demand for Divisia M1, M2, and M3 in the United States

Apostolos Serletis

Chapter 9 in Money and the Economy, 2006, pp 167-188 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionModel SpecificationThe Consumer's ProblemPreference Structure Over Monetary AssetsAggregator Function SpecificationsRecursive Multistage DecentralizationDualityDemand System Specification and DataFunctional FormDataEconometric ResultsSome Econometric ConsiderationsResultsThe Separability TestsSummary and Concluding RemarksAppendix

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: The demand for divisia M1, M2, and M3 in the United States (1987)
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