Relative Prices in the UK Personal Sector Money Demand Function
Bibliographic Data
| ID | 9705325 |
|---|---|
| Authors | Leigh Drake (Loughborough University, corresponding author) |
| Year | 1996 |
| Volume | 106 |
| Issue | 438 |
| Pages | 1209 |
| Publication date | 1996-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235516 |
| OpenAlex | W2033358322 |
| Language | EN |
| Citations received | 4 |
| References cited | 10 |
Non-parametric demand analysis is used in order to establish admissible monetary aggregates and also to establish a potential role for relative prices in the money demand function. A conventional money demand specification is then contrasted with a money demand function which contains the relative prices of durables, non-durables and services as additional regressors. Evidence from long run cointegration analysis, short run error correction models and non-nested testing all confirm a role for relative prices in the UK personal sector's money demand function
Cointegration · Demand curve · Demand deposit · Demand for money · Econometrics · Economics · Function (biology · Interest rate · Microeconomics · Monetary economics · Monetary policy · Order (exchange · Relative price · Economic theories and models · Economic Theory and Policy · Finance · Monetary Policy and Economic Impact
The Construction of Utility Functions from Expenditure Data
Likelihood Ratio Tests for Model Selection and Non-Nested Hypotheses
Exact and superlative index numbers
A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics 1
Optimal fiscal and monetary policy in an economy without capital
Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root
Maximum Likelihood Estimation and Inference on Cointegration — With Applications to the Demand for Money
The Changing Empirical Definition of Money
A Non-Parametric Analysis of Personal Sector Decisions on Consumption, Liquid Assets and Leisure
Statistical analysis of cointegration vectors
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,14 |
| Citation span | 1997 - 2018 (22) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |