An Empirical Comparison of Flexible Demand System Functional Forms

Douglas Fisher, Adrian R. Fleissig and Apostolos Serletis

Chapter 13 in Money and the Economy, 2006, pp 247-277 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe Demand Systems ApproachEight Flexible Functional FormsLocally Flexible Functional FormsEffectively Globally Regular Functional FormsGlobally Flexible Functional FormsThe U.S. Consumption DataEconometric ResultsMorishima Elasticities of SubstitutionForecast ResultsConclusions

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: An empirical comparison of flexible demand system functional forms (2001)
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