In this paper, an empirically stable money demand model for M3 in the euro area is constructed. Starting with a multivariate system, three cointegrating relationships with economic content are found: (i) the spread between the longand the short-term nominal interest rates, (ii) the long-term real interest rate, and (iii) a long-run demand for broad money M3. There is evidence that the determina...

We consider a unit speed timelike curve α in Minkowski 4-space E41 and denote the Frenet frame of α by {T,N,B1,B2}. We say that α is a generalized helix if one of the unit vector fields of the Frenet frame has constant scalar product with a fixed direction U of E41. In this work we study those helices where the function 〈B2, U〉 is constant and we give different characterizations of such curves....

the objective of this study is to estimate the demand for money in iran using the autoregressive distributed lag (ardl) approach to cointegration analysis. the empirical results show that there is a unique cointegrated and stable long-run relationship among m1 monetary aggregate, income, inflation and exchange rate. we find that the income elasticity and exchange rate coefficients are positive ...

Following the rising spate of debt profile Nigeria and fluctuating trend in her macroeconomic indicators, this study critically examined impact external on economic growth period, 1985 to 2019 by examining causality between stock identify servicing Nigeria. The employed Harrod-Domar theory Two-Gap model as theoretical framework explain made use secondary data sourced from World Development Indi...

The present paper thoroughly explores second-best efficient allocations in an adverse selection insurance economy. We start from a natural extension of the classical model, assuming less than perfect risk perceptions. We propose first and second welfare theorems, by means of which we describe efficiencyenhancing policies. Notions of weak and strong adverse selection are promising for interpreti...

in this paper we investigated effect of economic uncertainty on money demand function of iran during(1352-1386). at first by using a general equilibrium theory it is shown that in spite of the existence of economic uncertainties, most of agents who are risk-averse consider these uncertainties when constitute their port folio. they consider money demand is a function of income, interest rate and...