Semi-non-parametric estimates of substitution for Canadian monetary assets.
We estimate the dynamic Fourier expenditure system to obtain consistent estimates of short-run and long-run Morishima elasticities of substitution for Canadian liquid assets. We argue that the variability of the estimated elasticities and evidence of less than perfect substitution between monetary a...
| Publicado en: | Canadian Journal of Economics Vol. 35; no. 1; pp. 78 - 92 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
February 2002
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| Acceso en línea: | Ver este registro en EBSCOhost |