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El Caso del Dinero Desaparecido Chile 1984-1986

  • Felipe Larraín

    ()

    (Instituto de Economía)

  • Aníbal Larraín
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    Between the third quarter of 1984 and the second one of 1986, Chile's real money balances (seasonally adjusted, real MI) decreased by 11%. In the same period, Gross Domestic Product grew by 12.3% and the effective short-term interest rate systematically d

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    Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.

    Volume (Year): 25 (1988)
    Issue (Month): 75 ()
    Pages: 247-282

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    Handle: RePEc:ioe:cuadec:v:25:y:1988:i:75:p:247-282
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    1. Gregory C. Chow, 1966. "On the Long-Run and Short-Run Demand for Money," Journal of Political Economy, University of Chicago Press, vol. 74, pages 111.
    2. Stephen M. Goldfeld, 1976. "The Case of the Missing Money," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(3), pages 683-740.
    3. Jack Carr & Michael R. Darby, 1980. "The Role of Money Supply Shocks in the Short-Run Demand for Money," NBER Working Papers 0524, National Bureau of Economic Research, Inc.
    4. Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," Journal of Political Economy, University of Chicago Press, vol. 67, pages 327.
    5. Beach, Charles M & MacKinnon, James G, 1978. "A Maximum Likelihood Procedure for Regression with Autocorrelated Errors," Econometrica, Econometric Society, vol. 46(1), pages 51-58, January.
    6. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-54, April.
    7. R. W. Hafer & Scott E. Hein, 1981. "Investigating the shift in money demand: an econometric analysis," Working Papers 1981-006, Federal Reserve Bank of St. Louis.
    8. Coats, Warren L, Jr, 1982. "Modeling the Short-Run Demand for Money with Exogenous Supply," Economic Inquiry, Western Economic Association International, vol. 20(2), pages 222-39, April.
    9. Lieberman, Charles, 1979. "Structural and Technological Change in Money Demand," American Economic Review, American Economic Association, vol. 69(2), pages 324-29, May.
    10. Modigliani, Franco & Rasche, Robert & Cooper, J Philip, 1970. "Central Bank Policy, the Money Supply, and the Short-Term Rate of Interest," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 2(2), pages 166-218, May.
    11. Hetzel, Robert L, 1984. "Estimating Money Demand Functions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(2), pages 185-93, May.
    12. Lieberman, Charles, 1977. "The Transactions Demand for Money and Technological Change," The Review of Economics and Statistics, MIT Press, vol. 59(3), pages 307-17, August.
    13. Plosser, Charles I. & Schwert*, G. William, 1978. "Money, income, and sunspots: Measuring economic relationships and the effects of differencing," Journal of Monetary Economics, Elsevier, vol. 4(4), pages 637-660, November.
    14. Fama, Eugene F, 1982. "Inflation, Output, and Money," The Journal of Business, University of Chicago Press, vol. 55(2), pages 201-31, April.
    15. R. W. Hafer & Scott E. Hein, 1982. "The shift in money demand: what really happened?," Review, Federal Reserve Bank of St. Louis, issue Feb, pages 11-16.
    16. Roley, V Vance, 1985. "Money Demand Predictability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(4), pages 611-41, November.
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