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On the comparison of alternative specifications for money demand: The case of extremely low interest rate regimes in Japan

✍ Scribed by Kiyotaka Nakashima; Makoto Saito


Book ID
119299239
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
366 KB
Volume
26
Category
Article
ISSN
0889-1583

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## Abstract We use Japanese aggregate and disaggregate money demand data to show that conflicting inferences can arise. The aggregate data appears to support the contention that there was no stable money demand function. The disaggregate data shows that there was a stable money demand function. Nei