Verfügbarkeit: The Demand for M1 in the United States

The Demand for M1 in the United States: A Commenton Baba, Hendry, and Starr

A recent paper by Baba, Hendry, and Starr presents an error-correction model of the demand for M1 in the United States, which shows a dramatic improvement in both fit and stability over earlier models. This note estimates an alternative model with the same data set and draws two conclusions: that th...

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1. Verfasser:	Boughton, James M. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1993
Schriftenreihe:	IMF Working Papers Working Paper No. 93/24
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	A recent paper by Baba, Hendry, and Starr presents an error-correction model of the demand for M1 in the United States, which shows a dramatic improvement in both fit and stability over earlier models. This note estimates an alternative model with the same data set and draws two conclusions: that the improvements are due more to the use of complex dynamics than to the introduction of variables representing financial innovation, and that some of the economic properties are not robust with respect to minor changes in specification
Beschreibung:	1 Online-Ressource (10 p)
ISBN:	1451920962 9781451920963

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spelling	Boughton, James M. Verfasser aut The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr Boughton, James M Washington, D.C International Monetary Fund 1993 1 Online-Ressource (10 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 93/24 A recent paper by Baba, Hendry, and Starr presents an error-correction model of the demand for M1 in the United States, which shows a dramatic improvement in both fit and stability over earlier models. This note estimates an alternative model with the same data set and draws two conclusions: that the improvements are due more to the use of complex dynamics than to the introduction of variables representing financial innovation, and that some of the economic properties are not robust with respect to minor changes in specification Online-Ausg http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Boughton, James M. The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr
title	The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr
title_auth	The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr
title_exact_search	The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr
title_exact_search_txtP	The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr
title_full	The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr Boughton, James M
title_fullStr	The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr Boughton, James M
title_full_unstemmed	The Demand for M1 in the United States A Commenton Baba, Hendry, and Starr Boughton, James M
title_short	The Demand for M1 in the United States
title_sort	the demand for m1 in the united states a commenton baba hendry and starr
title_sub	A Commenton Baba, Hendry, and Starr
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