| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP9962
|
| DP9962 Money Demand in Ireland, 1933-2012 |
| Stefan Gerlach; Rebecca Stuart
|
| 发表日期 | 2014-05-04
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | Using annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly exogenous. While the estimates for M2 are stable and close to our priors, for M1 we obtain very low price elasticities, and a relatively high income elasticity, and detect parameter instability. We estimate a short-run M2 demand function that passes a number of diagnostic tests, although the standard errors of the regressions is large. |
| 主题 | Economic History
; International Macroeconomics
|
| 关键词 | Historical statistics
Income
Ireland
Long time series
Money
Prices
|
| URL | https://cepr.org/publications/dp9962
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538795
|
推荐引用方式
GB/T 7714 |
Stefan Gerlach,Rebecca Stuart. DP9962 Money Demand in Ireland, 1933-2012. 2014.
|
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