Problems encountered in the empirical modeling of the demand for money in Italy have usually been attributed to the presence of financial innovation in the last two decades. This paper constructs a model of the demand for M2 in Italy by explicitly incorporating variables that proxy the various processes of financial innovation. Various integration and cointegration tests are used in order to establish that the chosen regressors in the model are cointegrated. The Engle-Granger two-step estimation procedure is then used in order to estimate the authors' model, which is found to be stable over the last decade. Copyright 1990 by Blackwell Publishers Ltd and The Victoria University of Manchester
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Volume (Year): 58 (1990) Issue (Month): 3 (September) Pages: 242-59 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:bla:manch2:v:58:y:1990:i:3:p:242-59
Contact details of provider:
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)