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Estimating the liquidity of M2 components in the post-DIDMCA era.

This paper estimates the liquidity of M2 components within an intertemporal model of a representative household. A modification of Pfann and Verspagen's asymmetric adjustment cost function measures liquidity cost. Generalized Method of Moments estimation of structural parameters using monthly data...

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Publicado en:Economic Inquiry Vol. 36; no. 2; pp. 244 - 258
Autores principales: Dutkowsky, Donald H., Dunsky, Robert M.
Formato: Artículo
Publicado: Wiley-Blackwell April 1998
Materias:
Bank deposits
Money supply
Moments method (Statistics)
Money market funds
Liquidity (Economics)
Mathematical models
Interest (Finance)
United States
Acceso en línea:Ver este registro en EBSCOhost