Money demand: A simple look at some data

Artikel

In this paper, I offer a non-technical summary of recent research that focuses on the stability properties of real money demand. I first describe a simple workhorse model that serves as a conceptual framework for organizing the data and guiding the empirical analysis. Then, by using simple plots, I argue that the implications of the simple theory are remarkably robust over time. I do this for some developed economies with a history of relatively low inflation and for two developing economies that experienced severe hyper- inflation. Finally, we point toward several failures in this research and discuss avenues for future work.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Aussenwirtschaft ; ISSN: 0004-8216 ; Volume: 68 ; Year: 2017 ; Issue: 1 ; Pages: 29-49 ; St.Gallen: Universität St.Gallen, Schweizerisches Institut für Aussenwirtschaft und Angewandte Wirtschaftsforschung (SIAW-HSG)

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Nicolini, Juan Pablo
• Event: Veröffentlichung
• (who): Universität St.Gallen, Schweizerisches Institut für Aussenwirtschaft und Angewandte Wirtschaftsforschung (SIAW-HSG)
• (where): St.Gallen
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/231245
• Last update: 10.03.2025, 11:44 AM CET