Holdings: 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...

Full description

Saved in:

Bibliographic Details
Main Author:	Boughton, James M. (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1993
Series:	IMF Working Papers Working Paper No. 93/24
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	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
Physical Description:	1 Online-Ressource (10 p)
ISBN:	1451920962 9781451920963

Staff View

MARC


LEADER	00000nmm a2200000 cb4500
001	BV048343514
003	DE-604
005	00000000000000.0
007	cr\|uuu---uuuuu
008	220713s1993 \|\|\|\| o\|\|u\| \|\|\|\|\|\|eng d
020			\|a 1451920962 \|c 15.00 USD \|9 1-451-92096-2
020			\|a 9781451920963 \|c 15.00 USD \|9 978-1-451-92096-3
035			\|a (ZDB-1-IMF)84582998X
035			\|a (OCoLC)1337127478
035			\|a (DE-599)BVBBV048343514
040			\|a DE-604 \|b ger
041	0		\|a eng
049			\|a DE-20 \|a DE-824 \|a DE-70 \|a DE-155 \|a DE-29 \|a DE-22 \|a DE-473 \|a DE-1102 \|a DE-703 \|a DE-859 \|a DE-706 \|a DE-384 \|a DE-860 \|a DE-19 \|a DE-739 \|a DE-355 \|a DE-Aug4 \|a DE-1049 \|a DE-12 \|a DE-91
100	1		\|a Boughton, James M. \|e Verfasser \|4 aut
245	1	0	\|a The Demand for M1 in the United States \|b A Commenton Baba, Hendry, and Starr \|c Boughton, James M
264		1	\|a Washington, D.C \|b International Monetary Fund \|c 1993
300			\|a 1 Online-Ressource (10 p)
336			\|b txt \|2 rdacontent
337			\|b c \|2 rdamedia
338			\|b cr \|2 rdacarrier
490	0		\|a IMF Working Papers \|v Working Paper No. 93/24
520	3		\|a 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
533			\|a Online-Ausg
856	4	0	\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|x Verlag \|z URL des Erstveröffentlichers \|3 Volltext
912			\|a ZDB-1-IMF
999			\|a oai:aleph.bib-bvb.de:BVB01-033722782
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UBW01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UEI01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l LCO01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l SBR01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UER01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l SBG01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UBG01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l FAN01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UBT01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l FKE01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UBY01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UBA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l FLA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UBM01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UPA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l UBR01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l FHA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l FNU01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l BSB01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml \|l TUM01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext

Record in the Search Index

_version_	1804184190577541120
adam_txt
any_adam_object
any_adam_object_boolean
author	Boughton, James M.
author_facet	Boughton, James M.
author_role	aut
author_sort	Boughton, James M.
author_variant	j m b jm jmb
building	Verbundindex
bvnumber	BV048343514
collection	ZDB-1-IMF
ctrlnum	(ZDB-1-IMF)84582998X (OCoLC)1337127478 (DE-599)BVBBV048343514
format	Electronic eBook
fullrecord	<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04905nmm a2200577 cb4500</leader><controlfield tag="001">BV048343514</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr\|uuu---uuuuu</controlfield><controlfield tag="008">220713s1993 \|\|\|\| o\|\|u\| \|\|\|\|\|\|eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1451920962</subfield><subfield code="c">15.00 USD</subfield><subfield code="9">1-451-92096-2</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781451920963</subfield><subfield code="c">15.00 USD</subfield><subfield code="9">978-1-451-92096-3</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-IMF)84582998X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1337127478</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048343514</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-91</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Boughton, James M.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The Demand for M1 in the United States</subfield><subfield code="b">A Commenton Baba, Hendry, and Starr</subfield><subfield code="c">Boughton, James M</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">1993</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (10 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF Working Papers</subfield><subfield code="v">Working Paper No. 93/24</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">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</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-IMF</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033722782</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UBW01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UEI01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">LCO01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">SBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UER01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">SBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">FAN01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UBT01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">FKE01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UBY01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UBA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">FLA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UBM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UPA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">UBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">FHA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">FNU01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml</subfield><subfield code="l">TUM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection>
id	DE-604.BV048343514
illustrated	Not Illustrated
index_date	2024-07-03T20:13:17Z
indexdate	2024-07-10T09:35:24Z
institution	BVB
isbn	1451920962 9781451920963
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-033722782
oclc_num	1337127478
open_access_boolean
owner	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM
owner_facet	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM
physical	1 Online-Ressource (10 p)
psigel	ZDB-1-IMF
publishDate	1993
publishDateSearch	1993
publishDateSort	1993
publisher	International Monetary Fund
record_format	marc
series2	IMF Working Papers
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
url	http://elibrary.imf.org/view/IMF001/06870-9781451920963/06870-9781451920963/06870-9781451920963.xml
work_keys_str_mv	AT boughtonjamesm thedemandform1intheunitedstatesacommentonbabahendryandstarr

Holdings

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text

MARC

Record in the Search Index

There is no print copy available.

Similar Items