Electronic Resource
Springer
De economist
122 (1974), S. 89-128
ISSN:
1572-9982
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary This econometric model is on an annual basis and has been estimated for the period 1953–1969 using the two-stages least-squares method. All behavioral equations are based on a partial adjustment mechanism. The behavior of the public is expressed by the demand for currency, demand deposits and time-and-savings deposits. The behavior of the banking system is described by a required reserves identity and by the demand for excess reserves, borrowed reserves and net foreign assets. The main instruments of monetary policy under the direct control of the central bank are explicitly included in the analysis. Some impact multipliers and elasticities are shown.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01680100
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