Demand for money function in Ireland - estimation and stability
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1978Access:
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Francis X. Browne, Thomas O'Connell, 'Demand for money function in Ireland - estimation and stability', Economic and Social Research Institute, Economic and Social Review, Vol. 9, No. 3, 1978, 1978, pp227-248Download Item:
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Abstract:
In this paper we specify and estimate a demand for money function for Ireland. This function is then submitted to a stability test using a recently developed technique. The issue of the stability of the demand for money function is an important one for the monetary authorities irrespective of whether monetary policy is conducted within a relatively closed economy, such as in the US, or within a highly open economy with a fixed exchange rate dominated by external financial markets, as in the case of Ireland.
Author: Browne, Francis X.; O'Connell, Thomas
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Economic & Social StudiesType of material:
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Economic and Social ReviewVol. 9, No. 3, 1978
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Monetary policy - Ireland, Fixed exchange rateISSN:
0012-9984Licences: