MARC details
| 000 -LEADER |
|---|
| fixed length control field |
02226nam a22002657a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
|---|
| control field |
ZW-GwMSU |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
|---|
| control field |
20240430104427.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
230906b |||||||| |||| 00| 0 eng d |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER |
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| International Standard Serial Number |
13504851 |
| 040 ## - CATALOGING SOURCE |
|---|
| Original cataloging agency |
MSU |
| Transcribing agency |
MSU |
| Description conventions |
rda |
| Language of cataloging |
English |
| 050 00 - LIBRARY OF CONGRESS CALL NUMBER |
|---|
| Classification number |
HB1.A666 APP |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Davis Bobby |
| Relator term |
author |
| 245 14 - TITLE STATEMENT |
|---|
| Title |
The intertemporal stability of the US money demand function: |
| Remainder of title |
new evidence from switching regressions |
| Statement of responsibility, etc. |
created by Bobby Davis , David Karemera and Louis Whitesides |
| 264 1# - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Place of production, publication, distribution, manufacture |
New York: |
| Name of producer, publisher, distributor, manufacturer |
Taylor and Francis, |
| Date of production, publication, distribution, manufacture, or copyright notice |
2013 |
| 336 ## - CONTENT TYPE |
|---|
| Source |
rdacontent |
| Content type term |
text |
| Content type code |
txt |
| 337 ## - MEDIA TYPE |
|---|
| Source |
rdamedia |
| Media type term |
unmediated |
| Media type code |
n |
| 338 ## - CARRIER TYPE |
|---|
| Source |
rdacarrier |
| Carrier type term |
volume |
| Carrier type code |
nc |
| 440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE |
|---|
| Title |
Applied economics letters |
| Volume/sequential designation |
Volume 20, number 5 |
| 520 3# - SUMMARY, ETC. |
|---|
| Summary, etc. |
The demand for money remains one of the topics most extensively studied in macroeconomics. This article contributes to the debate on the money demand stability and presents further evidence of a structural shift in the US money demand function. The switching regression technique developed by Goldfeld and Quandt (1972) shows that the US money demand function displays a gradual structural break during the 1994–1995 period. The traditional Goldfeld money demand model was estimated by the nonlinear optimization methods. Consumer and corporate interest rates were included in the model specifications. In all specifications, the results show a two-regime money demand model with a significant structural shift common to the 1994–1995 period. The study period from 1966:I to 2009:IV suggests that any identified shift is the most significant break in the series. Thus, this study demonstrates that the most significant transition from the first to the second regime is gradual rather than abrupt, as suggested by the previous studies. We believe that the cause of the gradual break may be associated with the US recession in the 1992–1993 period. This finding suggests that a two-regime demand model can be used in US money demand analysis and forecasting in future. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Money demand |
| Form subdivision |
Monetary regimes |
| General subdivision |
Interest rates |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Karemera David |
| Relator term |
co-author |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Whitesides Louis |
| Relator term |
co-author |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
https://doi.org/10.1080/13504851.2012.720006 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Source of classification or shelving scheme |
Library of Congress Classification |
| Koha item type |
Journal Article |