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STABILITY OF THE DEMAND FOR MONEY IN THE UNITED STATES: AN ANALYSIS OF SOME ECONOMETRIC ISSUES
| Title: | THE STABILITY OF THE DEMAND FOR MONEY IN THE UNITED STATES: AN ANALYSIS OF SOME ECONOMETRIC ISSUES. |
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| Name(s): |
GRISWOLD, JEFFREY LEIGH. Florida Atlantic University, Degree grantor Manage, Neela D., Thesis advisor College of Business Department of Economics |
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| Type of Resource: | text | |
| Genre: | Electronic Thesis Or Dissertation | |
| Issuance: | monographic | |
| Date Issued: | 1982 | |
| Publisher: | Florida Atlantic University | |
| Place of Publication: | Boca Raton, Fla. | |
| Physical Form: | application/pdf | |
| Extent: | 100 p. | |
| Language(s): | English | |
| Summary: | This thesis analyzes the demand for money in the United States during the period 1954:1 to 1981:4. A important issue regarding the stability of money demand is addressed in terms of the econometric problems that arise in money demand estimation. A partial-adjustment mechanism is specified to describe dynamic adjustments in the quantity of money. Such an adjustment mechanism introduces a lagged dependent variable as a regressor in the estimating equation. The presence of a lagged dependent variable along with an autocorrelated error term results in inconsistent and inefficient coefficient estimates. The Hatanaka technique is utilized to yield consistent and asymptotically efficient estimates of money demand. Finally, an equation is also estimated to examine the role of the entire term structures of interest rates in a money demand function. | |
| Identifier: | 14135 (digitool), FADT14135 (IID), fau:10949 (fedora) | |
| Collection: | FAU Electronic Theses and Dissertations Collection | |
| Note(s): |
College of Business Thesis (M.A.)--Florida Atlantic University, 1982. |
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| Subject(s): | Demand for money--United States | |
| Held by: | Florida Atlantic University Libraries | |
| Persistent Link to This Record: | http://purl.flvc.org/fcla/dt/14135 | |
| Sublocation: | Digital Library | |
| Use and Reproduction: | Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder. | |
| Use and Reproduction: | http://rightsstatements.org/vocab/InC/1.0/ | |
| Host Institution: | FAU | |
| Is Part of Series: | Florida Atlantic University Digital Library Collections. |
