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Does interest rate volatility affect the US M1 demand function? Evidence from cointegration.

A study was conducted to examine the long-run demand for U.S. real M1 in the post Second World War period (1954-96) in an effort to determine whether interest rate volatility affects the U.S. M1 demand function. The empirical investigation was undertaken using Johansen multivariate cointegration te...

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Published in:Manchester School (14636786) Vol. 67; no. 6; pp. 621 - 649
Main Author: Choudhry, Taufiq
Format: Article
Published: Wiley-Blackwell December 1999
Subjects:
ARCH model (Econometrics)
Demand for money
Price inflation
History
Interest (Finance)
History of money
Political corruption
United States
Russia
Online Access:View this record in EBSCOhost