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dc.contributor.authorGerlach, Stefan
dc.contributor.authorStuart, Rebecca
dc.date.accessioned2014-12-19T16:43:37Z
dc.date.available2014-12-19T16:43:37Z
dc.date.issued2014
dc.identifier.citationGerlach, Stefan; Stuart, Rebecca. 'Money demand in Ireland, 1933-2012'. - Dublin: Statistical and Social Inquiry Society of Ireland, 2013-14, Vol.42, pp1-17en
dc.identifier.issn00814776
dc.identifier.otherJEL E3
dc.identifier.otherJEL E4
dc.identifier.otherJEL N14
dc.identifier.urihttp://hdl.handle.net/2262/72771
dc.description.abstractUsing annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly exogenous. While the estimates for M2 are stable and close to our priors, for M1 we obtain very low price elasticities, and a relatively high income elasticity, and detect parameter instability. We estimate a short-run M2 demand function that passes a number of diagnostic tests, although the standard errors of the regressions is large.en
dc.language.isoenen
dc.publisherStatistical and Social Inquiry Society of Irelanden
dc.relation.ispartofseriesJournal of the Dublin Statistical Society;
dc.relation.ispartofseriesVol. [No.], [Year];
dc.subjectIrelanden
dc.subjecthistorical statisticsen
dc.subjectlong time seriesen
dc.subjectmoneyen
dc.subjectincomeen
dc.subjectpricesen
dc.subject.ddc314.15
dc.titleMoney demand in Ireland, 1933-2012en
dc.typeJournal Articleen
dc.status.refereedYes
dc.rights.ecaccessrightsopenAccess
dc.identifier.rssurihttp://www.ssisi.ie


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