Identification and Estimation of Money Demand.

The consensus account of the theory of the demand for money has changed little in the last forty years. In contemporary formulations, just as in Keynes's general theory, the demand for real money is assumed to depend negatively on a short-term interest rate, representing a proxy for the opportunity...

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Publicado en:	American Economic Review Vol. 71; no. 5; pp. 825 - 845
Autores principales:	Cooley, Thomas F., LeRoy, Stephen F.
Formato:	Artículo
Publicado:	American Economic Association Dec81
Materias:	Demand for money Elasticity (Economics) Keynesian economics Economic policy Rational expectations (Economic theory) Interest rates Macroeconomics Extreme value theory Gross national product Quantity theory of money Money supply
Acceso en línea:	Ver este registro en EBSCOhost