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Author: Paul Mizen
Publisher: Palgrave
Published: 1994
Total Pages: 194
ISBN-13: 9780333595992
DOWNLOAD EBOOKDownload or read book Buffer Stock Models and the Demand for Money written by Paul Mizen and published by Palgrave. This book was released on 1994 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Buffer Stock Models of the Demand for Money written by Zhijie Lu and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Buffer Stock Models of the Demand for Money written by Vanessa Ann Morgan and published by . This book was released on 1996 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Buffer Stock Models of the Demand for Money and the Conduct of Monetary Policy written by James R. Lothian and published by . This book was released on 1989 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Demand for Money written by K. Cuthbertson and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 1988-05-16
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOKThe buffer stock role of absorbing temporary discrepancies between purchases and sales is assigned to money because money, being the most liquid of all assets, performs the buffer function best. However, as this paper shows, the attempts to model the buffer stock role have led to certain incoherencies. Specifically, this paper shows that the econometric models of buffer stock money published in the literature are incompatible with the theory of buffer stock money and imply two different probability distributions for the same variable, thus resulting in an incoherency.
Download or read book Modeling Buffer Stock Money written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-05-16 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The buffer stock role of absorbing temporary discrepancies between purchases and sales is assigned to money because money, being the most liquid of all assets, performs the buffer function best. However, as this paper shows, the attempts to model the buffer stock role have led to certain incoherencies. Specifically, this paper shows that the econometric models of buffer stock money published in the literature are incompatible with the theory of buffer stock money and imply two different probability distributions for the same variable, thus resulting in an incoherency.
Download or read book A Buffer Stock Model of the Demand for Money by the Industrial and Commercial Companies Sector written by Paul Mizen and published by . This book was released on 1991 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author: James R. Lothian
Publisher:
Published: 2010
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKPopular wisdom informs us that one of the prime victims of the American financial deregulation of the last decade has been the demand for money function. While there is some evidence that the demise of standard monetary relations has been oversold (see Rasche 1987, 1988, and Darby, Mascaro, and Marlow, 1989), it is with some trepidation that we agreed to reexamine functional forms which we helped develop in 1980.
Download or read book Buffer-Stock Models of Money Demand and the Conduct of Monetary Policy written by James R. Lothian and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Popular wisdom informs us that one of the prime victims of the American financial deregulation of the last decade has been the demand for money function. While there is some evidence that the demise of standard monetary relations has been oversold (see Rasche 1987, 1988, and Darby, Mascaro, and Marlow, 1989), it is with some trepidation that we agreed to reexamine functional forms which we helped develop in 1980.
Download or read book An Estimation of the Personal Sector "buffer Stock" Model of the Demand for Money Using Kalman Filters written by Paul Mizen and published by . This book was released on 1991 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author: Mr.James M. Boughton
Publisher: International Monetary Fund
Published: 1991-02
Total Pages: 50
ISBN-13:
DOWNLOAD EBOOKThis paper provides estimates of the demand for both narrow and broad monetary aggregates for the five largest industrial countries using two recent approaches: buffer stock and error correction models. The performances of these models are compared with several versions of the conventional partial adjustment model. Tests are performed in order to evaluate the parameter stability, post-sample predictive ability, encompassing properties, and economic implications of the models. The results are encouraging with respect to the newer models, as they significantly outperform the traditional approach. It is found that the error correction model is especially promising as a general approach.
Download or read book What Have We Learned About Estimating the Demand for Money? a Multicountry Evaluation of Some New Approaches written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 1991-02 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides estimates of the demand for both narrow and broad monetary aggregates for the five largest industrial countries using two recent approaches: buffer stock and error correction models. The performances of these models are compared with several versions of the conventional partial adjustment model. Tests are performed in order to evaluate the parameter stability, post-sample predictive ability, encompassing properties, and economic implications of the models. The results are encouraging with respect to the newer models, as they significantly outperform the traditional approach. It is found that the error correction model is especially promising as a general approach.
