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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Journal Article: SEMI-NONPARAMETRIC ESTIMATES OF THE DEMAND FOR MONEY IN THE UNITED STATES (2005) 
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