IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Existe-t-il vraiment une relation coïntégrante de demande de monnaie M3 en France ?

Listed author(s):
  • Jean-François Goux
Registered author(s):

    [fre] L'objectif de cet article est de vérifier, dans le cas de la France, sur la période 1970-1995, avec des données trimestrielles, si l'existence d'une relation coïntégrante de demande de monnaie est une hypothèse acceptable et si l'évolution du système financier à partir de 1985 - point de départ de sa mutation -a pu entraîner une altération ou une amélioration de la forme et des qualités statistiques de cette fonction. La méthode employée est celle de la coïntégration multivariée et le modèle retenu est un VAR à correction d'erreur (VECM). Cela nous permet de déterminer la forme la plus pertinente pour la fonction de demande de monnaie et ensuite de l'estimer. Finalement, on peut conclure qu'il existe bien une relation coïntégrante de demande de monnaie M3, en France. [eng] Does a cointegrating M3 money demand relation really exist in France? The goal of this paper is to verify, in the french case, using 1970-1995 quarterly data, wether the possibility of a cointegrating money demand relation is an acceptable hypothesis and if the evolution of the financial system after 1985 - date of the start of its mutation - could involve a deterioration or an improvement of the structure and the goodness of fit of this function. The method is multivariate cointegration and the retained model is a vector error correction model (VECM). This allow us to determinate the most accurate pattern for the money demand function and after to estimate it. Finaly, we can conclude that a cointegrating M3 money demand relation really exist in France.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

    File URL:
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Programme National Persée in its journal Revue économique.

    Volume (Year): 51 (2000)
    Issue (Month): 4 ()
    Pages: 885-911

    in new window

    Handle: RePEc:prs:reveco:reco_0035-2764_2000_num_51_4_410560
    Note: DOI:10.3406/reco.2000.410560
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_2000_num_51_4_410560. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.