Modeling the Demand for Consumption Goods and Liquid Assets

Apostolos Serletis

Chapter 12 in Money and the Economy, 2006, pp 227-244 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionAggregation and Subutility FunctionsDirect and Indirect Utility Functions under Habit formation and “Supernumerary” QuantitiesDemand System SpecificationEstimation and TestingEmpirical ResultsConclusion

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: Modeling the demand for consumption goods and liquid assets (1991)
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