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Semi-Nonparametric Estimates of the Demand for Money in the United States

Apostolos Serletis and Asghar Shahmoradi ()

Chapter 14 in Money and the Economy, 2006, pp 278-298 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe Demand for Monetary ServicesThe DataThe Fourier and AIM ModelsThe FourierThe AIMComputational ConsiderationsImposing Curvature RestrictionsIncome and Price ElasticitiesElasticities of SubstitutionOn Confidence IntervalsConclusions

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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Citations: View citations in EconPapers (2)

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