A Survey of Recent Empirical Money Demand Studies

By S. Sriram. International Monetary Fund Staff Papers, 2000

215 citations recorded by the source corpus.

This paper surveys a selected number of studies that evaluated the demand for money using the error-correction model approach in the 1990s across a range of industrial and developing countries. It briefly presents issues relevant to modeling and estimating the demand for money; and synthesizes information concerning variables, data period and frequency, unit root and cointegration techniques, stability tests, and findings in a tabular form. In addition, it presents estimated long-run income elasticity and elasticities or semi-elasticities for opportunity cost and other variables in a comparable framework. It aims to provide a reference tool for future research on demand for money in various countries.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/b333eba489832ec433bf72643808324dbd0a68f7

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1. A. Calza
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Citations in the corpus

• NONLINEARITIES IN THE DYNAMICS OF THE EURO AREA DEMAND FOR M1 (2008, methodology): “Linear models embodying error-correction mechanisms have become the standard macroeconometric tool in the empirical literature on money demand [see Sriram (2001); Duca and van Hoose (2004)].”