Money Demand Instability and Money Supply in Tunisia during Transition Period

Money demand in Euroland

This paper explores the determinants of alternative monetary aggregates in Euroland. A sample consisting of quarterly data covering the 1980:1–1998:4 period is considered. We are interested whether a conventionally defined money demand equation is stable in some aggregates as opposed to others. Both long-run and short-run relationships are considered in this paper. Overall, the results indicate...

The Stability of Money Demand in Croatia in Poststabilization Period

Autori u članku procjenjuju funkciju potražnje za novcem u Hrvatskoj za novčane agregate M1 i M1a unutar vektorske autoregresije. Potražnja za novčanim saldom se povećala nakon uvođenja antiinflacijskog stabilizacijskog programa godine 1993. Monetarnu politiku je ograničila liberalizacija deviznog tržišta i deviznog tečaja, očekivana inflacija je bila smanjena, a kućanstva su zamijenila ukinutu...

Some Further Investigations of Demand and Supply Functions for Money

U . S . MONEY DEMAND INSTABILITY A Flexible Least Squares Approach *

This paper uses a Jle.rrhle leust squares (FLS) time-varying linear regression technique to investiaate coefficient stabilitv for the Goldfeld U.S. money demand model over the period 1959:62 to 19X5:Q3. Time paths traced out by the FLS coefficient estimates exhibit shifts in 1974 and 1983; but these shifts are small relative to a persistent downward trend in the estimated coefficient for the in...

The Money Supply in Macroeconomics

The notion that the quantity of money in an economy might be endogenously determined has a long history. Even so, it has never been part of mainstream economic thinking which has remained dominated by the view that the policymaker somehow controls the stock of money and that interest rates are market-determined. However, the need to design and operate a monetary policy that works for modern eco...