Financial Market Effects on Aggregate Money Demand: A Bayesian Analysis

نویسندگان
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Aggregate and Household Demand for Money :

We use data from Public Opinion Surveys on Household Financial Assets and Li-abilities from 1991 to 2002 to investigate the issues of unobserved heterogeneity amongcross-sectional units and stability of Japanese aggregate money demand function. Condi-tions that permit individual data and aggregate data to be modeled under one consistentformat are given. Alternative definitions o...

متن کامل

Learning Market Parameters Using Aggregate Demand Queries

We study efficient algorithms for a natural learning problem in markets. There is one seller with m divisible goods and n buyers with unknown individual utility functions and budgets of money. The seller can repeatedly announce prices and observe aggregate demand bundles requested by the buyers. The goal of the seller is to learn the utility functions and budgets of the buyers. Our scenario fal...

متن کامل

Financial Innovation and the Stability of Money Demand in Korea

The existence of a stable demand function for M2 in Korea is important for the conduct of monetary policy and financial analysis. However, despite much research into the subject, results thus far yield no conclusion as to whether M2 demand is in fact stable. Previous studies, however, have failed to adequately control for financial innovation. When adding a proxy for such innovation to the coin...

متن کامل

International Financial Integration of the Indian Money Market

The study investigates whether the financial liberalization undertaken in India has resulted in integration of Indian markets with global markets. First, we investigate covered interest rate parity (CIP) between India and the US using 3 month interbank interest rates and 1 year swap rates. The results show little evidence of a long term equilibrium relationship between the domestic interest rat...

متن کامل

Globalization, Trade Unions and Aggregate Demand Effects∗

Using an economic geography model, we analyze the impact of an increase in trade unions’ bargaining strength on firms’ location decision. We show that an increase in workers’ bargaining power entails two effects. On the one hand, the standard labor cost effect induces firms to relocate their production abroad. On the other hand, trade unions, by stealing profits from foreign capitalists, create...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Money, Credit and Banking

سال: 1989

ISSN: 0022-2879

DOI: 10.2307/1992366