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    Determinants of Money Demand in Ireland 1971 to 1988: Rounding up the Usual Suspects


    Hurley, Margaret J. and Guiomard, Cathal (1989) Determinants of Money Demand in Ireland 1971 to 1988: Rounding up the Usual Suspects. Economic and Social Review, 21 (1). pp. 139-149. ISSN 0012-9984

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    Abstract

    The first question to be tackled when estimating such a function is to decide on the appropriate variables to be included. Conventional theory suggests that money demand should depend on some measure of economic activity, normally income, and some variable representing the opportunity cost of holding money, usually a short-term interest rate or an inflation rate. There is also the question of whether money should be defined broadly or narrowly. Here we take a pragmatic approach and state that the measures of money …

    Item Type: Article
    Keywords: Money demand; Economic activity; Ireland;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 11410
    Depositing User: Margaret Hurley
    Date Deposited: 24 Oct 2019 15:23
    Journal or Publication Title: Economic and Social Review
    Publisher: ESRI
    Refereed: Yes
    URI:

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