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Estimating Money Demand in Italy 1970-1994

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  • Gennari, E.

Abstract

A money demand relationship for Italy is estimated from 1970 to 1994 within a cointegrated VAR framework. Changes in the money market fue to an important financial innovation process are introduced in the cointegration space through a Logistic Smooth Transition function tested and estimated at an earlier stage using Engle-Granger cointegration analysis.

Suggested Citation

  • Gennari, E., 1999. "Estimating Money Demand in Italy 1970-1994," Economics Working Papers eco99/7, European University Institute.
  • Handle: RePEc:eui:euiwps:eco99/7
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    References listed on IDEAS

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    Cited by:

    1. Salvatore Capasso & Oreste Napolitano, 2012. "Testing for the stability of money demand in Italy: has the Euro influenced the monetary transmission mechanism?," Applied Economics, Taylor & Francis Journals, vol. 44(24), pages 3121-3133, August.
    2. Kai Carstensen & Jan Hagen & Oliver Hossfeld & Abelardo Salazar Neaves, 2009. "Money Demand Stability And Inflation Prediction In The Four Largest Emu Countries," Scottish Journal of Political Economy, Scottish Economic Society, vol. 56(1), pages 73-93, February.

    More about this item

    Keywords

    MONEY ; MONEY DEMAND ; ITALY;

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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