Did the Swiss demand for money function shift?

Estimation Of The Demand For Money In Iran

Is the US Demand for Money Unstable?

The demand for money (M1) for the USA is estimated with annual data from 1960-2008 and its stability is analyzed with the extended Gregory and Hansen (1996b) test. In addition to estimating the canonical specification, alternative specifications are estimated which include a trend and additional variables to proxy the cost of holding money. Results with our extended specification showed that th...

The Demand for Money in China*

This paper discusses the money demand function in China. We use Cointegration technique and Error Correction Model to estimate the long-run and short -run money demand function. We find that M2 aggregate appears to be cointegrated with price level and income. We also specified a satisfying error correction model for M2.

Did Money Buy Republican Success ?

This paper uses the Supreme Court’s ruling in Buckley v. Valeo (1976) to identify the causal impact of money in elections. Estimates consistently suggest that the Buckley-induced removal of state limits on campaign spending led to increased Republican voteshares, increased Republican candidate entry, and decreased Democratic candidate entry in state legislative and gubernatorial elections in st...

International Evidence on the Demand for Money

One of the current questions in the literature on she demand for money is whether the adjustment of actual lo desired money holdings is in nominal or real terms. This paper describes a simple procedure that can be used to test the nominal against the real hypothesis. The test is carried out for 27 countries. The paper also tests the svuctural stability of the demand for money equations and the ...