Arbeitspapier
Three Decades of Money Demand Studies. Some Differences and Remarkable Similarities
By analyzing almost 1000 money demand estimations this paper attempts to summarize the disperse findings of this literature. Using both descriptive statistics and meta-regressions we derive several stylized facts about the two most prominent determinants of money demand–income and interest rate elasticities. In particular, we show that the size and signs of average elasticities are systematically related to the choice of included variables (e.g., M1 or M3, short-run or long-run interest rates), the country grouping (e.g., US vs. Germany) and the empirical specification (e.g., the inclusion of one or two interest rates).
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 88
- Klassifikation
-
Wirtschaft
Demand for Money
Monetary Policy
- Thema
-
Money Demand
Meta Analysis
Empirical Methods
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Knell, Markus
Stix, Helmut
- Ereignis
-
Veröffentlichung
- (wer)
-
Oesterreichische Nationalbank (OeNB)
- (wo)
-
Vienna
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Knell, Markus
- Stix, Helmut
- Oesterreichische Nationalbank (OeNB)
Entstanden
- 2004
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