Stability and non-linear dynamics in the broad demand for money in Spain. (Q1853728): Difference between revisions
From MaRDI portal
Set profile property. |
ReferenceBot (talk | contribs) Changed an Item |
||
Property / cites work | |||
Property / cites work: Testing the adequacy of smooth transition autoregressive models / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q4397010 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Statistical analysis of cointegration vectors / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Testing the null hypothesis of stationarity against the alternative of a unit root. How sure are we that economic time series have a unit root? / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Testing for a unit root in time series regression / rank | |||
Normal rank |
Latest revision as of 11:30, 5 June 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Stability and non-linear dynamics in the broad demand for money in Spain. |
scientific article |
Statements
Stability and non-linear dynamics in the broad demand for money in Spain. (English)
0 references
22 January 2003
0 references
In this article we estimate a money demand function for broad money in Spain in the period 1978--1998. Stability tests indicate the existence of a stable money demand function in the long but not in the short run. Using recent nonlinear techniques, we find that such instabilities are caused by a non-linear adjustment of real balances towards a stable long-run equilibrium.
0 references
Buffer stock
0 references
Cointegration
0 references
Money demand
0 references
Non-linear dynamics
0 references
Target-bounds
0 references