| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22475 |
| 来源ID | Working Paper 22475 |
| International Evidence on Long Run Money Demand | |
| Luca Benati; Robert E. Lucas, Jr.; Juan Pablo Nicolini; Warren Weber | |
| 发表日期 | 2016-08-01 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We explore the long-run demand for M1 based on a dataset comprising 31 countries since 1851. In many cases cointegration tests identify a long-run equilibrium relationship between either velocity and the short rate, or M1, GDP, and the short rate. Evidence is especially strong for the United States and the United Kingdom over the entire period since World War I, and for high-inflation countries such as Israel. For low-inflation countries the data often prefer the specification in the levels of velocity and the short rate originally estimated by Selden (1956) and Latané (1960) to either the log-log, or the semi-log ones. This is especially clear for the United States. |
| 主题 | Macroeconomics ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w22475 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580149 |
| 推荐引用方式 GB/T 7714 | Luca Benati,Robert E. Lucas, Jr.,Juan Pablo Nicolini,et al. International Evidence on Long Run Money Demand. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22475.pdf（1851KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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