Is the Price Elasticity of Money Demand Always Unity?

Including both monetary gold and nonmonetary gold in a standard money-in-utility model, we establish a presumption that the price elasticity of money demand should be less than I under commodity standards. Applying cointegration methods to data of the world, the United Kingdom, and the United States...

Descripción completa

Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 46; no. 4; pp. 587 - 593
Autores principales:	Evans, Paul, Wang, Xiaojun
Formato:	Artículo
Publicado:	Wiley-Blackwell October 2008
Materias:	Demand for money Mathematical models of economics Prices > Mathematical models Elasticity (Economics) Commercial products Standards
Acceso en línea:	Ver este registro en EBSCOhost