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Estimating demand for money in Jamaica

Author

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  • Canova, Luciano

Abstract

This paper estimates the money demand function for Jamaica using cointegration method. This approach provides estimates of the long run structural relations and focuses also on the complex short run feedbacks of monetary policy on strategic macro variables.

Suggested Citation

  • Canova, Luciano, 2006. "Estimating demand for money in Jamaica," MPRA Paper 1023, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:1023
    as

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    File URL: https://mpra.ub.uni-muenchen.de/1023/1/MPRA_paper_1023.pdf
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    References listed on IDEAS

    as
    1. Bordignon, Massimo & Cerniglia, Floriana & Revelli, Federico, 2004. "Yardstick competition in intergovernmental relationships: theory and empirical predictions," Economics Letters, Elsevier, vol. 83(3), pages 325-333, June.
    2. Besley, Timothy & Case, Anne, 1995. "Incumbent Behavior: Vote-Seeking, Tax-Setting, and Yardstick Competition," American Economic Review, American Economic Association, vol. 85(1), pages 25-45, March.
    3. Michele Polo, "undated". "Electoral competition and political rents," Working Papers 144, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    4. Sole Olle, Albert, 2003. "Electoral accountability and tax mimicking: the effects of electoral margins, coalition government, and ideology," European Journal of Political Economy, Elsevier, vol. 19(4), pages 685-713, November.
    5. Faruk Gul & Wolfgang Pesendorfer, 2006. "Partisan Politics and Aggregation Failure with Ignorant Voters," Levine's Working Paper Archive 122247000000000828, David K. Levine.
    6. Hinich, Melvin J., 1977. "Equilibrium in spatial voting: The median voter result is an artifact," Journal of Economic Theory, Elsevier, vol. 16(2), pages 208-219, December.
    7. Bordignon, Massimo & Minelli, Enrico, 2001. "Rules transparency and political accountability," Journal of Public Economics, Elsevier, vol. 80(1), pages 73-98, April.
    8. Ansolabehere, Stephen & Snyder, James M, Jr, 2000. "Valence Politics and Equilibrium in Spatial Election Models," Public Choice, Springer, vol. 103(3-4), pages 327-336, June.
    9. Besley, Timothy J. & Smart, Michael, 2002. "Does Tax Competition Raise Voter Welfare?," CEPR Discussion Papers 3131, C.E.P.R. Discussion Papers.
    10. repec:cup:apsrev:v:64:y:1970:i:03:p:772-791_13 is not listed on IDEAS
    11. Bordignon, Massimo & Cerniglia, Floriana & Revelli, Federico, 2003. "In search of yardstick competition: a spatial analysis of Italian municipality property tax setting," Journal of Urban Economics, Elsevier, vol. 54(2), pages 199-217, September.
    12. McKelvey, Richard D., 1976. "Intransitivities in multidimensional voting models and some implications for agenda control," Journal of Economic Theory, Elsevier, vol. 12(3), pages 472-482, June.
    13. Davis, Otto A & DeGroot, Morris H & Hinich, Melvin J, 1972. "Social Preference Orderings and Majority Rule," Econometrica, Econometric Society, vol. 40(1), pages 147-157, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    jamaica; demand for money; cointegration;

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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