The econometric consequences of nonstationary data have wide ranging im- plications for empirical research in economics. Specifically, these issues have implications for the study of empirical relations such as a money demand func- tion that links macroeconomic aggregates: real money balances, real income and a nominal interest rate. Traditional monetary theory predicts that these nonsta- tionary series form a cointegrating relation and accordingly, that the dynamics of a vector process comprised of these variables generates distinct patterns. Re- cent econometric developments designed to cope with nonstationarities have changed the course of empirical research in the area, but many fundamental challenges, for example the issue of identification, remain. This book represents the efforts undertaken by the authors in recent years in an effort to determine the consequences that nonstationarity has for the study of aggregate money demand relations. We have brought together an empirical methodology that we find useful in conducting empirical research. Some of the work was undertaken during the authors' sabbatical periods and we wish to acknowledge the generous support of Arizona State University and Michigan State University respectively. Professor Hoffman wishes to acknowledge the support of the Fulbright-Hays Foundation that supported sabbattical research in Europe and separate support of the Council of 100 Summer Research Program at Arizona State University.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
The econometric consequences of nonstationary data have wide-ranging implications for empirical research in economics. Specifically, these issues have implications for the study of empirical relations such as a money demand function that links macroeconomic aggregates: real money balances, real income and a nominal interest rate. Traditional monetary theory predicts that these nonstationary series form a cointegrating relation and, accordingly, that the dynamics of a vector process comprising these variables generates distinct patterns. Recent econometric developments designed to cope with nonstationarities have changed the course of empirical research in the area, but many fundamental challenges, for example the issue of identification, remain. This book is an effort to determine the consequences that nonstationarity has for the study of aggregate money demand relations. The object of this book is to utilize the tools of modern time series analysis to determine the role of an aggregate demand for real balances in the generation of macroeconomic time series. A significant distinguishing characteristic of this research is the identification and estimation of this demand function in a multivariate framework, in contrast to most existing studies that concentrate on a single equation framework.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
EUR 5,90 expédition depuis Allemagne vers France
Destinations, frais et délaisGratuit expédition depuis Etats-Unis vers France
Destinations, frais et délaisVendeur : Buchpark, Trebbin, Allemagne
Etat : Sehr gut. Zustand: Sehr gut | Seiten: 266 | Sprache: Englisch | Produktart: Bücher. N° de réf. du vendeur 2373018/202
Quantité disponible : 2 disponible(s)
Vendeur : ralfs-buecherkiste, Herzfelde, MOL, Allemagne
Cloth. Etat : Gut. 266 S. Economics Demand for money Econometric models guter Zustand/ good Ex-Library. Cover shows mild wear. ha1055915 Sprache: Englisch Gewicht in Gramm: 590. N° de réf. du vendeur 284073
Quantité disponible : 1 disponible(s)
Vendeur : Antiquariat Hohmann, Schemmerhofen, Allemagne
VIII (2) 266 S., zahlr. Fig., gr.okt., Pp.- [ Wirtschaftswissenschaft Volkswirtschaft Geld SpracheEN J| 1996 N| Dennis Hoffman N| Robert Rasche | 84090 ]. N° de réf. du vendeur 84090-1
Quantité disponible : 1 disponible(s)
Vendeur : Kloof Booksellers & Scientia Verlag, Amsterdam, Pays-Bas
Etat : very good. Boston & Dordrecht : Kluwer Academic Publishers , c1996. Hardbound. viii,266 pp. 25 cm. Condition : very good copy. ISBN 9780792397045. Keywords : , monetary economics. N° de réf. du vendeur 81047
Quantité disponible : 1 disponible(s)
Vendeur : Romtrade Corp., STERLING HEIGHTS, MI, Etats-Unis
Etat : New. This is a Brand-new US Edition. This Item may be shipped from US or any other country as we have multiple locations worldwide. N° de réf. du vendeur ABNR-273000
Quantité disponible : 1 disponible(s)
Vendeur : Ria Christie Collections, Uxbridge, Royaume-Uni
Etat : New. In. N° de réf. du vendeur ria9780792397045_new
Quantité disponible : Plus de 20 disponibles
Vendeur : moluna, Greven, Allemagne
Gebunden. Etat : New. N° de réf. du vendeur 458443863
Quantité disponible : Plus de 20 disponibles
Vendeur : Books Puddle, New York, NY, Etats-Unis
Etat : New. pp. 280. N° de réf. du vendeur 263072805
Quantité disponible : 4 disponible(s)
Vendeur : Majestic Books, Hounslow, Royaume-Uni
Etat : New. Print on Demand pp. 280 52:B&W 6.14 x 9.21in or 234 x 156mm (Royal 8vo) Case Laminate on White w/Gloss Lam. N° de réf. du vendeur 5856506
Quantité disponible : 4 disponible(s)
Vendeur : Biblios, Frankfurt am main, HESSE, Allemagne
Etat : New. PRINT ON DEMAND pp. 280. N° de réf. du vendeur 183072815
Quantité disponible : 4 disponible(s)