[PDF] Top 20 Money demand in an open economy framework: Argentina (1932-2002)

... does money demand depend, remains ...update money demand theory? In our view, developments during the last twenty years in cointegration analysis and equilibrium correction ... See full document

... the demand for money is the selection of appropriate opportunity cost ...place in an economy (see Ericsson, ...closed economy, and additionally on foreign assets for an ... See full document

... to an open economy setting. In this framework, CES preferences are retained for different categories of goods (‘industries’) but an oligopoly of firms operates within each ... See full document

... endogenous money. The central bank sets high interest rates in an attempt to slow down the growth rates of credit, money, output and ...occur in a world of flexible exchange ...9 ... See full document

... small open economy subject to perfect capital mobility and country ...risk. An infinite-lived individual produces, consumes, exports and imports one ...prices in the economy: that of ... See full document

... of Argentina during the XX century could be considered as a “curiosity” in monetary ...trend in output, it appears that a stable and well defined domestic money demand for a long period ... See full document

... a single autonomous UAS takes-off from a predefined point known as “Home”. After the take-off, the drone navigates along pre-defined waypoints through a structured indoors environment with pole obstacles identified by ... See full document

... goods, in an otherwise open economy) is intensive in human ...investment in human capital by individual households is constrained by lack of access to credit (see, for example, ... See full document

... typical demand function for each class; (c) estimation of class demand elasticities on the basis of the typical demand functions and the total consumption of goods within the class but expressed ... See full document

... house in order,” but it is hard to believe today. When we think of Economy, we immediately relate it to business people, bankers and politicians on one hand, and, on the other hand, growing amount of ... See full document

... For a quantitative measure of the implied volatilities some moments conditions of the cali- brated model are compared to those of the Argentinean economy. It should be noted that the Argentinean national accounts ... See full document

... participate in the informal sector more than younger ...being in the informal ...decrease in the probability of being informal than for ...rate in the place where the individual resides has a ... See full document

... small open economy with perfect access to the world capital market and a fixed rate of time preference, yields awkward consequences that are not tenable either from a theoretical or from an empirical ... See full document

... aggregate demand functions for consumption, money and financial and physical assets have been analysed in the preceding sections of this text, and thus it is unnecessary to repeat them ...underscores ... See full document

... produce an asymptote and the plotted 84% CI of the 10 and 20-minute counts displayed intermittent overlap (Figure ...produce an asymptote either, and the plots for 10 and 20-minute point counts presented ... See full document

... increase in net exports ex hypothesi is insufficient to finance the outflow (which is the precise meaning of a “large outflow”), there would be a cumulative inflationary spiral without the possibility of the ... See full document

... based in the prices and interest rules in an economy with liquidity constraints were ...constructed. In this model the money is not super-neutral, hence the money has ... See full document

... had an enormous influence on finan- cial studies of assets valuation, including exchange rate ...and money supply conditions; then, the exchange rate would be affected only if it re- ceives new information, ... See full document

... (temporarily) in a context of severe monetary contraction, and in a society familiar with monetary diversity (Powell, ...even in the relatively favourable context of the Bolivarian ...processes. ... See full document

... biofuels strategy on global biofuel and agricultural markets..  How these impacts will change if the EU.[r] ... See full document