Research Discussion Paper – RDP 8703 Money Demand, Own Interest Rates and Deregulation
May 1987
- Abstract
- Download the Paper 1.1MB
Contents
- Introduction
- The Stability of Money Demand
- Parameters of Money Demand, Own Rates and the Effectiveness of Intermediate Targets
- Concluding Remarks
- Appendix A: Statistical Tests
- Appendix B: Test Results
- Appendix C: Data Sources
- Appendix D: Calculation of the own rate on M3 and BM
- References
Endnote
The authors are indebted to Rob Trevor, Jeff Carmichael, Glenn Stevens, Malcolm Edey, Frank Campbell, Bob Rankin and John Veale for helpful comments. The views expressed herein and any remaining errors are our Own and should not be attributed to our employer. [*]