Estimating Money Demand in Italy 1970-1994

E. Gennari

Economics Working Papers from European University Institute

Abstract: A money demand relationship for Italy is estimated from 1970 to 1994 within a cointegrated VAR framework. Changes in the money market fue to an important financial innovation process are introduced in the cointegration space through a Logistic Smooth Transition function tested and estimated at an earlier stage using Engle-Granger cointegration analysis.

Keywords: MONEY; MONEY DEMAND; ITALY (search for similar items in EconPapers)
JEL-codes: E40 E41 O52 (search for similar items in EconPapers)
Pages: 36 pages
Date: 1999
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Citations: View citations in EconPapers (6)

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