A stable money demand forms the cornerstone in formulating and conducting monetary
policy. Consequently, numerous theoretical and empirical studies have been conducted in …

Macroeconometric models, in many ways the flagships of the economist's profession in the
1960s, came under increasing attack from both theoretical economist and practitioners in the …

This paper examines the stability of the demand for money in Italy using a newly extended
data set for the period 1861–1996. We examine how the evolution of the financial system in …

This paper examines the impact of stock market fluctuations on money demand in Italy from
a long‐run perspective. The money demand function estimated by Muscatelli and Spinelli …

Target‐bounds models and buffer stock models in the presence of adjustment costs imply
nonlinear functional forms for the aggregate demand for money characterized by smooth …

In this paper, we analyze the money demand functions of the four largest EMU countries and
of the four‐country (EMU‐4) aggregate. We identify reasonable and stable money demand …

Money demand stability is a crucial issue for monetary policy efficacy, and it is particularly
endangered when substantial changes occur in the monetary system. By implementing the …

This paper derives and estimates a Barro-type reduced-form equahonfor domestic real
output from a simple structural model ofan open developing economy in which markets clear …

In this paper we estimate a stable demand for money relationship for Italy using a long
series of historical data. We extend previously available data sets to obtain a sample for the …

This dissertation analyzes the demand for M2 in Malaysia under the cointegration/error-
correction approach using monthly observations from August 1973 to December 1995. The …