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Money Demand In The United States
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Book Synopsis Money Demand in the United States by : International Monetary Fund
Download or read book Money Demand in the United States written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-09-14 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers the demand for various monetary aggregates with a view to assessing their potential roles as intermediate variables for monetary policy. Illustrative estimates using a generalized autoregressive distributed lag model are presented. For M1, the results support an “error correction” model. However, the demand function for M1 may still be subject to shifts due to the continuing process of financial reform and innovation. The demand function for M1A resulting from the particular empirical strategy used in this paper is not well behaved. The estimated equation for M2 is well behaved and robust, though the use of M2 as an intermediate target variable is questionable due to an inability accurately to control it.
Book Synopsis Current Issues in Monetary Policy in the United States and Japan by : Elias C. Grivoyannis
Download or read book Current Issues in Monetary Policy in the United States and Japan written by Elias C. Grivoyannis and published by Praeger. This book was released on 1991-02-28 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the econometric properties of the demand for money function as it affects monetary policy. Particular emphasis is placed throughout on the general properties of conventional and alternative demand for money specifications and on the predictability of that demand over time. The author tests proposed explanations for the recent abnormal behavior of U.S. money demand by using a new data set--the Japanese data base--for the first time, offering important new insights into the general properties of money demand functions.
Book Synopsis Survey of Literature on Demand for Money by : Mr.Subramanian S. Sriram
Download or read book Survey of Literature on Demand for Money written by Mr.Subramanian S. Sriram and published by International Monetary Fund. This book was released on 1999-05-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
Book Synopsis Long-run income and interest elasticities of money demand in the United States by : Dennis Hoffman
Download or read book Long-run income and interest elasticities of money demand in the United States written by Dennis Hoffman and published by . This book was released on 1989 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Estimating Money Demand in the United States by : David K. Baxter
Download or read book Estimating Money Demand in the United States written by David K. Baxter and published by . This book was released on 1990 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Seasonal Variations in the Relative Demand for Money and Capital in the United States: A Statistical Study by : Edwin Walter Kemmerer
Download or read book Seasonal Variations in the Relative Demand for Money and Capital in the United States: A Statistical Study written by Edwin Walter Kemmerer and published by Sagwan Press. This book was released on 2018-02-09 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Book Synopsis A Monetary History of the United States, 1867-1960 by : Milton Friedman
Download or read book A Monetary History of the United States, 1867-1960 written by Milton Friedman and published by Princeton University Press. This book was released on 2008-09-02 with total page 889 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Magisterial. . . . The direct and indirect influence of the Monetary History would be difficult to overstate.”—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve From Nobel Prize–winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz, one of the most important economics books of the twentieth century—the landmark work that rewrote the story of the Great Depression and the understanding of monetary policy Milton Friedman and Anna Jacobson Schwartz’s A Monetary History of the United States, 1867–1960 is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive historical data and sharp analytics to argue that monetary policy—steady control of the money supply—matters profoundly in the management of the nation’s economy, especially in navigating serious economic fluctuations. One of the book’s most important chapters, “The Great Contraction, 1929–33” addressed the central economic event of the twentieth century, the Great Depression. Friedman and Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and countering banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy—an idea that has come to shape the actions of central banks worldwide.
Book Synopsis Money Demand in the US and Japan by : Dennis L. Hoffman
Download or read book Money Demand in the US and Japan written by Dennis L. Hoffman and published by . This book was released on 1991 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Demand for Money by : Milton 1912- Friedman
Download or read book The Demand for Money written by Milton 1912- Friedman and published by Hassell Street Press. This book was released on 2021-09-09 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Book Synopsis Monetary Statistics of the United States: Estimates, Sources, Methods by : Milton Friedman
Download or read book Monetary Statistics of the United States: Estimates, Sources, Methods written by Milton Friedman and published by New York : National Bureau of Economic Research. This book was released on 1970 with total page 629 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Money Demand in the United States by : Liam Ebrill
Download or read book Money Demand in the United States written by Liam Ebrill and published by . This book was released on 2006 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers the demand for various monetary aggregates with a view to assessing their potential roles as intermediate variables for monetary policy. Illustrative estimates using a generalized autoregressive distributed lag model are presented. For M1, the results support an quot;error correctionquot; model. However, the demand function for M1 may still be subject to shifts due to the continuing process of financial reform and innovation. The demand function for M1A resulting from the particular empirical strategy used in this paper is not well behaved. The estimated equation for M2 is well behaved and robust, though the use of M2 as an intermediate target variable is questionable due to an inability accurately to control it.
Book Synopsis Money Demand in the United States by : Liam P. Ebrill
Download or read book Money Demand in the United States written by Liam P. Ebrill and published by . This book was released on 1988 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Great Inflation by : Michael D. Bordo
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Book Synopsis Money Demand in the United States by : Chʻung-yŏl Yi
Download or read book Money Demand in the United States written by Chʻung-yŏl Yi and published by . This book was released on 1992 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Changes in Elasticities of Money Demand in the United States by : Hui S. Chang
Download or read book Changes in Elasticities of Money Demand in the United States written by Hui S. Chang and published by . This book was released on 1994 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Estimation of United States Money Demand Functions Using Longitudinal Family-level Data by :
Download or read book Estimation of United States Money Demand Functions Using Longitudinal Family-level Data written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary objectives of this study are to obtain precise estimates of the elasticities of real money demand with respect to real income and assets, and shed light on the effects of changing demographics of the U.S. population on aggregate money demand. I use longitudinal data from the 1996 panel of the Survey of Income and Program Participation and econometric techniques that are more precise and less prone to estimation biases than those in the received literature. Regression results show that the long-run elasticities of family demand for real balances in M2-type accounts with respect to real family total income and assets are both 0.32. Family money demand increases significantly when the head of the family reaches 55 years of age and continues to rise through the retirement years. In terms of policy implications, the revealed strong preference of older families for liquid assets implies that the predicted rapid aging of the U.S. population will lead to an increase in aggregate money demand in the near future. If the latter is not offset by economies-of-scale inducing technological innovations, it will boost the rate of growth of money supply consistent with long-run price stability.
Book Synopsis The Demand for Money by : Apostolos Serletis
Download or read book The Demand for Money written by Apostolos Serletis and published by Springer Science & Business Media. This book was released on 2007-06-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the most comprehensive textbook available on the money demand function and its role in modern macroeconomics. The book takes a microeconomic- and aggregation-theoretic approach to the topic and presents empirical evidence using state-of-the-art econometric methodology, while recognizing the existence of unsolved problems and the need for further developments. The new edition is fully revised and includes new chapters.
