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Peut-on estimer la demande d'actifs à partir d'un modèle de portefeuille ?

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  • Charles Lantieri
  • Pascal Rivière

Abstract

[eng] An estimation of the demand for money derived from a portfolio model. . In this paper, we develop a model of demand for money based upon portfolio theory. We especially examine the problem of aggregation since this model is estimated using macroeconomic data. The empirical tests show that this kind of approach should rather apply to some segments of agent's wealth. [fre] Peut-on estimer la demande d'actifs à partir d'un modèle de portefeuille ? . . Dans cet article, on développe un modèle de demande de monnaie par une théorie de portefeuille. On tient compte en particulier des problèmes posés par l'agrégation, l'objectif étant un test économétrique de ce modèle sur données macro-économiques. Les tests empiriques effectués amènent à constater que ce type d'approche semble plutôt adapté à l'étude de certains segments du patrimoine des agents.

Suggested Citation

  • Charles Lantieri & Pascal Rivière, 1989. "Peut-on estimer la demande d'actifs à partir d'un modèle de portefeuille ?," Revue Économique, Programme National Persée, vol. 40(1), pages 55-80.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1989_num_40_1_409130
    DOI: 10.3406/reco.1989.409130
    Note: DOI:10.3406/reco.1989.409130
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    References listed on IDEAS

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    1. Henri Sterdyniak & Pierre Villa, 1986. "Des conséquences conjoncturelles de la régulation monétaire," Revue Économique, Programme National Persée, vol. 37(6), pages 963-998.
    2. Boughton, James M., 1981. "Money and its substitutes," Journal of Monetary Economics, Elsevier, vol. 8(3), pages 375-386.
    3. repec:hal:spmain:info:hdl:2441/5387 is not listed on IDEAS
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    1. Patrick Artus & Florence Legros & Éric Bleuze & Jean-Paul Nicolaï, 1991. "Épargne des ménages, choix de portefeuille et fiscalité en France," Revue Économique, Programme National Persée, vol. 42(4), pages 663-700.

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