The demand for money by firms: some additional empirical results
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Casey B. Mulligan, "undated". "The Demand for Money by Firms: Some Additional Empirical Results," University of Chicago - Population Research Center 97-1, Chicago - Population Research Center.
References listed on IDEAS
- G. S. Maddala & Robert C. Vogel, 1965. ""The Demand for Money: A Cross-Section Study of Business Firms": Comment," The Quarterly Journal of Economics, Oxford University Press, vol. 79(1), pages 153-159.
- Merton H. Miller & Daniel Orr, 1966. "A Model of the Demand for Money by Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 80(3), pages 413-435.
- anonymous, 1971. "Survey of demand deposit ownership," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jun, pages 456-467.
- Allan H. Meltzer, 1963. "The Demand for Money: A Cross-Section Study of Business Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 77(3), pages 405-422.
- Allan H. Meltzer, 1963. "The Demand for Money: The Evidence from the Time Series," Journal of Political Economy, University of Chicago Press, vol. 71, pages 219-219.
- Hiroshi Fujiki & Casey B. Mulligan, 1996. "Production, Financial Sophistication, and the Demand for Money by Households and Firms," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 14(1), pages 65-103, July.
- King, Robert G., 1988. "Money demand in the United States: A quantitative review," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 169-172, January.
- Karni, Edi, 1973. "The Transactions Demand for Cash: Incorporation of the Value of Time into the Inventory Approach," Journal of Political Economy, University of Chicago Press, vol. 81(5), pages 1216-1225, Sept.-Oct.
- Lucas, Robert E., 1988. "Money demand in the United States: A quantitative review," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 137-167, January.
- Heckman, James, 2013.
"Sample selection bias as a specification error,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
- Heckman, James J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-161, January.
- Edgar L. Feige, 1964. "The Demand For Liquid Assets: A Temporal Cross‐Section Analysis," Journal of Finance, American Finance Association, vol. 19(1), pages 116-117, March.
- Edward L. Whalen, 1965. "A Cross‐Section Study Of Business Demand For Cash," Journal of Finance, American Finance Association, vol. 20(3), pages 423-443, September.
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, January.
- William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, Oxford University Press, vol. 66(4), pages 545-556.
- Griliches, Zvi & Hausman, Jerry A., 1986.
"Errors in variables in panel data,"
Journal of Econometrics, Elsevier, vol. 31(1), pages 93-118, February.
- Zvi Griliches & Jerry A. Hausman, 1984. "Errors in Variables in Panel Data," NBER Technical Working Papers 0037, National Bureau of Economic Research, Inc.
- Feenstra, Robert C., 1986. "Functional equivalence between liquidity costs and the utility of money," Journal of Monetary Economics, Elsevier, vol. 17(2), pages 271-291, March.
- Faig, Miquel, 1988. "Characterization of the optimal tax on money when it functions as a medium of exchange," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 137-148, July.
- Casey B. Mulligan & Xavier Sala-I-Martin, 1992.
"U.S. Money Demand: Surprising Cross-Sectional Estimates,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(2), pages 285-343.
- Sala-i-Martin, X. & Mulligan, C.B., 1992. "U.S. Money Demand: Surprising Cross-Sectional Estimates," Papers 671, Yale - Economic Growth Center.
- Cecily C. Garver & Lawrence J. Radecki, 1987. "The household demand for money: estimates from cross-sectional data," Quarterly Review, Federal Reserve Bank of New York, vol. 12(Spr), pages 29-34.
- Casey B. Mulligan & Xavier Sala-i-Martin, 1995.
"Adoption of financial technologies: Implications for money demand and monetary policy,"
Economics Working Papers
134, Department of Economics and Business, Universitat Pompeu Fabra.
- Casey B. Mulligan & Xavier Sala-i-Martin, 1996. "Adoption of Financial Technologies: Implications for Money Demand and Monetary Policy," NBER Working Papers 5504, National Bureau of Economic Research, Inc.
- Mulligan, Casey B & Sala-i-Martin, Xavier, 1996. "Adoption of Financial Technologies: Implications for Money Demand and Monetary Policy," CEPR Discussion Papers 1358, C.E.P.R. Discussion Papers.
- William J. Frazer & Jr., 1964. "The Financial Structure of Manufacturing Corporations and the Demand for Money: Some Empirical Findings," Journal of Political Economy, University of Chicago Press, vol. 72, pages 176-176.
- Bomberger, William A, 1993. "Income, Wealth, and Household Demand for Deposits," American Economic Review, American Economic Association, vol. 83(4), pages 1034-1044, September.
- Mulligan, Casey B, 1997. "Scale Economies, the Value of Time, and the Demand for Money: Longitudinal Evidence from Firms," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 1061-1079, October.
- Fischer, Stanley, 1974. "Money and the Production Function," Economic Inquiry, Western Economic Association International, vol. 12(4), pages 517-533, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mulligan, Casey B & Sala-I-Martin, Xavier X, 1997.
"The Optimum Quantity of Money: Theory and Evidence,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(4), pages 687-715, November.
- Jonas D. M. Fisher & Frederic S. Mishkin & Casey B. Mulligan & Xavier X. Sala-i-Martin, 1997. "The optimum quantity of money: theory and evidence," Proceedings, Federal Reserve Bank of Cleveland, pages 687-724.
- Casey B. Mulligan & Xavier Sala-i-Martin, 1997. "The optimum quantity of money: Theory and evidence," Economics Working Papers 229, Department of Economics and Business, Universitat Pompeu Fabra.
- Casey B. Mulligan & Xavier X. Sala-i-Martin, 1997. "The Optimum Quantity of Money: Theory and Evidence," NBER Working Papers 5954, National Bureau of Economic Research, Inc.
- Fischer, Andreas M., 2007.
"Measuring income elasticity for Swiss money demand: What do the cantons say about financial innovation?,"
European Economic Review, Elsevier, vol. 51(7), pages 1641-1660, October.
- Fischer, Andreas, 2005. "Measuring Income Elasticity for Swiss Money Demand: What Do the Cantons Say About Financial Innovation?," CEPR Discussion Papers 5050, C.E.P.R. Discussion Papers.
- Andreas M. Fischer, 2006. "Measuring Income Elasticity for Swiss Money Demand: What do the Cantons say about Financial Innovation?," Working Papers 2006-01, Swiss National Bank.
- Andreas Fischer, 2005. "Measuring Income Elasticity for Swiss Money Demand: What do the cantons say about financial innovation?," Working Papers 05.01, Swiss National Bank, Study Center Gerzensee.
- Bover, Olympia & Watson, Nadine, 2005.
"Are there economies of scale in the demand for money by firms? Some panel data estimates,"
Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1569-1589, November.
- Olympia Bover & Nadine Watson, 2000. "Are there Economies of Scale in the Demand for Money by Firms? some Panel Data Estimates," Working Papers 0008, Banco de España.
- Bover, Olympia & Watson, Nadine, 2001. "Are there Economies of Scale in the Demand for Money by Firms? Some Panel Data Estimates," CEPR Discussion Papers 2818, C.E.P.R. Discussion Papers.
- Bakke, Tor-Erik & Gu, Tiantian, 2017. "Diversification and cash dynamics," Journal of Financial Economics, Elsevier, vol. 123(3), pages 580-601.
- Lotti, Francesca & Marcucci, Juri, 2007. "Revisiting the empirical evidence on firms' money demand," Journal of Economics and Business, Elsevier, vol. 59(1), pages 51-73.
- Wang, Peng-fei & Wen, Yi, 2006.
"Another look at sticky prices and output persistence,"
Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2533-2552, December.
- Wang, Peng-fei & Wen, Yi, 2004. "Another Look at Sticky Prices and Output Persistence," Working Papers 04-19, Cornell University, Center for Analytic Economics.
- Pengfei Wang & Yi Wen, 2005. "Another look at sticky prices and output persistence," Working Papers 2005-051, Federal Reserve Bank of St. Louis.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bover, Olympia & Watson, Nadine, 2005.
"Are there economies of scale in the demand for money by firms? Some panel data estimates,"
Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1569-1589, November.
- Olympia Bover & Nadine Watson, 2000. "Are there Economies of Scale in the Demand for Money by Firms? some Panel Data Estimates," Working Papers 0008, Banco de España.
- Bover, Olympia & Watson, Nadine, 2001. "Are there Economies of Scale in the Demand for Money by Firms? Some Panel Data Estimates," CEPR Discussion Papers 2818, C.E.P.R. Discussion Papers.
- Jonas D. M. Fisher & Frederic S. Mishkin & Casey B. Mulligan & Xavier X. Sala-i-Martin, 1997.
"The optimum quantity of money: theory and evidence,"
Proceedings, Federal Reserve Bank of Cleveland, pages 687-724.
- Mulligan, Casey B & Sala-I-Martin, Xavier X, 1997. "The Optimum Quantity of Money: Theory and Evidence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(4), pages 687-715, November.
- Casey B. Mulligan & Xavier Sala-i-Martin, 1997. "The optimum quantity of money: Theory and evidence," Economics Working Papers 229, Department of Economics and Business, Universitat Pompeu Fabra.
- Casey B. Mulligan & Xavier X. Sala-i-Martin, 1997. "The Optimum Quantity of Money: Theory and Evidence," NBER Working Papers 5954, National Bureau of Economic Research, Inc.
- Mulligan, Casey B, 1997. "Scale Economies, the Value of Time, and the Demand for Money: Longitudinal Evidence from Firms," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 1061-1079, October.
- Lotti, Francesca & Marcucci, Juri, 2007. "Revisiting the empirical evidence on firms' money demand," Journal of Economics and Business, Elsevier, vol. 59(1), pages 51-73.
- Piero Ganugi & Luigi Grossi & Giancarlo Ianulardo, 2015.
"Scale Economies And Heterogeneity In Business Money Demand: The Italian Experience,"
Bulletin of Economic Research, Wiley Blackwell, vol. 67(2), pages 146-165, April.
- P Ganugi & L Grossi & G Ianulardo, 2009. "Scale Economies and Heterogeneity in Business Money Demand: The Italian Experience," Department of Economics Working Papers 17/09, University of Bath, Department of Economics.
- Paul Natke & Gregory Falls, 2010. "Economies of scale and the demand for money," Small Business Economics, Springer, vol. 35(3), pages 283-298, October.
- Opler, Tim & Pinkowitz, Lee & Stulz, Rene & Williamson, Rohan, 1999.
"The determinants and implications of corporate cash holdings,"
Journal of Financial Economics, Elsevier, vol. 52(1), pages 3-46, April.
- Tim Opler & Lee Pinkowitz & Rene Stulz & Rohan Williamson, 1997. "The Determinants and Implications of Corporate Cash Holdings," NBER Working Papers 6234, National Bureau of Economic Research, Inc.
- Marvin Goodfriend & Bennett T. McCallum, 1988.
"Theoretical analysis of the demand of money,"
Economic Review, Federal Reserve Bank of Richmond, vol. 74(Jan), pages 16-24.
- Marvin Goodfriend & Bennett T. McCallum, 1986. "Theoretical analysis of the demand for money," Working Paper 86-03, Federal Reserve Bank of Richmond.
- Gerdesmeier, Dieter, 1996. "Die Rolle des Vermögens in der Geldnachfrage," Discussion Paper Series 1: Economic Studies 1996,05, Deutsche Bundesbank.
- Liu, Jin-Tan & Tsou, Meng-Wen & Wang, Ping, 2008. "Differential cash constraints, financial leverage and the demand for money: Evidence from a complete panel of Taiwanese firms," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 523-542, March.
- Duca, John V. & VanHoose, David D., 2004. "Recent developments in understanding the demand for money," Journal of Economics and Business, Elsevier, vol. 56(4), pages 247-272.
- Nelson C. Mark & Donggyu Sul, 2003.
"Cointegration Vector Estimation by Panel DOLS and Long‐run Money Demand,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(5), pages 655-680, December.
- Nelson C. Mark & Donggyu Sul, 2002. "Cointegration Vector Estimation by Panel DOLS and Long-Run Money Demand," NBER Technical Working Papers 0287, National Bureau of Economic Research, Inc.
- repec:eid:wpaper:17/09 is not listed on IDEAS
- Javier Gómez P., 1998. "La Demanda Por Dinero En Colombia," Borradores de Economia 2969, Banco de la Republica.
- Lippi, Francesco & Secchi, Alessandro, 2006.
"Technological change and the demand for currency: An analysis with household data,"
CEPR Discussion Papers
6023, C.E.P.R. Discussion Papers.
- Francesco Lippi & Alessandro Secchi, 2008. "Technological change and the demand for currency: An analysis with household data," Temi di discussione (Economic working papers) 697, Bank of Italy, Economic Research and International Relations Area.
- Fritz Foley, C. & Hartzell, Jay C. & Titman, Sheridan & Twite, Garry, 2007.
"Why do firms hold so much cash? A tax-based explanation,"
Journal of Financial Economics, Elsevier, vol. 86(3), pages 579-607, December.
- C. Fritz Foley & Jay C. Hartzell & Sheridan Titman & Garry Twite, 2006. "Why do firms hold so much cash? A tax-based explanation," NBER Working Papers 12649, National Bureau of Economic Research, Inc.
- Tsutomu Watanabe & Tomoyoshi Yabu, 2019.
"How Large is the Demand for Money at the ZLB? Evidence from Japan,"
Working Papers on Central Bank Communication
013, University of Tokyo, Graduate School of Economics.
- Tsutomu Watanabe & Tomoyoshi Yabu, 2019. "How Large is the Demand for Money at the ZLB? Evidence from Japan," CARF F-Series CARF-F-465, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Gillman M. & Siklos & P.L.Silver & J.L., 1996.
"Money Velocity with Costly Credit,"
Department of Economics - Working Papers Series
515, The University of Melbourne.
- Gillman, M. & Siklos, P.L. & Silver, J.L., 1997. "Money Velocity with Costly Credit," Working Papers 97-4, Wilfrid Laurier University, Department of Economics.
- Hiroshi Fujiki, 2014.
"Japanese Money Demand from the Regional Data: An Update and Some Additional Results,"
Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 32, pages 45-102, November.
- Hiroshi Fujiki, 2013. "Japanese Money Demand from the Regional Data: An Update and Some Additional Results," IMES Discussion Paper Series 13-E-04, Institute for Monetary and Economic Studies, Bank of Japan.
- Fischer, Andreas M., 2014.
"Immigration And Large Banknotes,"
Macroeconomic Dynamics, Cambridge University Press, vol. 18(4), pages 899-919, June.
- Fischer, Andreas, 2010. "Immigration and large banknotes," CEPR Discussion Papers 8065, C.E.P.R. Discussion Papers.
- Andreas M. Fischer, 2010. "Immigration and large banknotes," Working Papers 2010-17, Swiss National Bank.
- Fujiki, H., 1999. "Japanese money demand: evidence from regional monthly data1," Japan and the World Economy, Elsevier, vol. 11(3), pages 375-393, October.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedmem:125. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jannelle Ruswick (email available below). General contact details of provider: https://edirc.repec.org/data/cfrbmus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.