On the Markov switching welfare cost of inflation
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2019.103748
Abstract: Abstract This paper uses the Markov switching approach to account for instabilities in the long-run money demand function and compute the welfare cost of inflation in the United States. In doing so, it circumvents the… read more here.
Keywords: money demand; markov switching; cost inflation; welfare cost ... See more keywords
The long run stability of money demand in the proposed West African monetary union
Sign Up to like & getrecommendations! Published in 2019 at "Research in International Business and Finance"
DOI: 10.1016/j.ribaf.2018.11.001
Abstract: This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses annual data for the period 1981 to 2015 from thirteen of the fifteen countries making-up the… read more here.
Keywords: money demand; money; west african; stability money ... See more keywords
Symmetric and asymmetric effects of exchange rates on money demand: empirical evidence from Vietnam
Sign Up to like & getrecommendations! Published in 2021 at "Applied Economics"
DOI: 10.1080/00036846.2021.1888864
Abstract: ABSTRACT This empirical investigation aims at exploring the determinants of money demand in Vietnam by using both linear and nonlinear autoregressive distributed lag models over the period spanning from the third quarter of 2000 to… read more here.
Keywords: symmetric asymmetric; money demand; money; asymmetric effects ... See more keywords
Corporate Money Demand
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DOI: 10.1093/rfs/hhaa083
Abstract: We document a hump-shaped relation between corporate cash and both real and nominal interest rates in both aggregate and firm-level data. We rationalize this result in a model where firms finance investment with cash and… read more here.
Keywords: corporate money; money demand; cash; interest rates ... See more keywords
Gold and US money demand
Sign Up to like & getrecommendations! Published in 2018 at "Economics and Business Letters"
DOI: 10.17811/ebl.7.3.2018.108-114
Abstract: This letter is about the long run cointegration relation of the US money demand function that incorporates a gold price variable. A three-equation model is jointly constructed and estimated. The first equation has real gold… read more here.
Keywords: money demand; gold; money; long run ... See more keywords
Asymmetric Impact of Exchange Rate Fluctuations on Money Demand in Sudan
Sign Up to like & getrecommendations! Published in 2021 at "Asian Economic and Financial Review"
DOI: 10.18488/journal.aefr.2021.115.406.417
Abstract: This study aims to examine the asymmetric impact of exchange rate fluctuations on money demand in Sudan. The non-linear autoregressive distributed lag (ARDL) model was applied to data pertaining to 1960–2018. The empirical results suggest… read more here.
Keywords: money demand; rate; exchange rate;