Estimating Policy-Invariant Technology and Taste Parameters in the Financial Sector, When Risk and Growth Matter

William Barnett, Milka Kirova, Meenakshi Pasupathy and Piyu Yue
Additional contact information
Milka Kirova: Washington University in St. Louis
Meenakshi Pasupathy: Washington University in St. Louis
Piyu Yue: IC2 Institute at the University of Texas at Austin

Macroeconomics from University Library of Munich, Germany

Abstract: This paper provides an approach to estimation of taste and technology parameters in the financial sector through Euler equation estimation under exact monetary aggregation conditions. This is the original working paper, which produced the more condensed version published in the November 1995 edition of the Journal of Money, Credit and Banking. That special edition of the JMCB contains the proceedings of the Cleveland Federal Reserve Bank September 1994 conference on Liquidity, Monetary Policy, and Financial Intermediation. At the end of this working paper is our submitted reply to the comments of one of the discussants. The journal proceedings volume includes the published comments of that discussant, but not our reply to that discussant (who also is an editor of the journal.....).

Keywords: Euler; Divisia; production; Lucas; critique; technology; index; aggregation; money (search for similar items in EconPapers)
JEL-codes: C22 C43 E41 G12 (search for similar items in EconPapers)
Pages: 73 pages
Date: 1996-02-13
Note: Type of Document - Microsoft Word; prepared on Macintosh; to print on PostScript; pages: 73 ; figures: request from authors. See
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Related works:
Working Paper: Estimating Policy-Invariant Technology and Taste Parameters in the Financial Sector, When Risk and Growth Matter (2012)
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