๐”– Bobbio Scriptorium
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Dynamic adjustments in simple models of the transactions demand for money

โœ Scribed by John F. Chant


Book ID
116124482
Publisher
Elsevier Science
Year
1976
Tongue
English
Weight
997 KB
Volume
2
Category
Article
ISSN
0304-3932

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Adjustment costs and nonlinear dynamics
โœ Lucio Sarno ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 278 KB

Target-bounds models and buffer stock models in the presence of adjustment costs imply nonlinear functional forms for the aggregate demand for money characterized by smooth adjustment towards long-run equilibrium. This paper presents a stable empirical model for the demand for narrow money in Italy