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Author: | Elyasiani, E. Zadeh, A. H. M. |
Title: | Econometric tests of alternative scale variables in money demand in open economies: international evidence from selected OECD countries. |
Journal: | Quarterly Review of Economics and Finance
1999 : SUMMER, VOL. 39:2, p. 193-211 |
Index terms: | Money demand Econometrics OECD Country comparisons |
Language: | eng |
Abstract: | In this study several tests are applied in the money demand functions of Japan, Germany, Canada, France, and Italy in an open economy context to determine the appropriate scale variable for each country. Income, disposable income, consumption, private spending, and domestic absoption are investigated as contenders for the scale variable. |
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