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...
| Publicado en: | Economic Inquiry Vol. 46; no. 4; pp. 587 - 593 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
October 2008
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510700803&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510700803 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: N pubinfo: dt: October 2008 vid: 46 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510700803 10.1111/j.1465-7295.2007.00113.x ppf: 587 ppct: 6 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.5MB tig: atl: Is the Price Elasticity of Money Demand Always Unity? aug: au: Evans, Paul Wang, Xiaojun su: Demand for money Mathematical models of economics Prices -- Mathematical models Elasticity (Economics) Commercial products Standards sug: subj: Demand for money Mathematical models of economics Prices -- Mathematical models Elasticity (Economics) Commercial products Standards ab: 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, we find support for the new theory. (JEL E41, E42) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|