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Online Appendix for: International Evidence on Long-Run Money Demand

Author

Listed:
  • Luca Benati
  • Robert E. Lucas
  • Juan Pablo Nicolini
  • Warren E. Weber

Abstract

This appendix supports Staff Report 587. An earlier version of this Staff Report circulated as Working Paper 738.

Suggested Citation

  • Luca Benati & Robert E. Lucas & Juan Pablo Nicolini & Warren E. Weber, . "Online Appendix for: International Evidence on Long-Run Money Demand," Staff Report, Federal Reserve Bank of Minneapolis.
    • Handle: RePEc:fip:fedmsr:588
    DOI: 10.21034/sr.588
    as

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    File URL: https://www.minneapolisfed.org/research/sr/sr588.pdf
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    References listed on IDEAS

    as
    1. Fratianni,Michele & Spinelli,Franco, 2005. "A Monetary History of Italy," Cambridge Books, Cambridge University Press, number 9780521023450, November.
    2. Luca Benati, 2008. "Investigating Inflation Persistence Across Monetary Regimes," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(3), pages 1005-1060.
    3. Muscatelli, V. Anton & Spinelli, Franco, 2000. "The long-run stability of the demand for money: Italy 1861-1996," Journal of Monetary Economics, Elsevier, vol. 45(3), pages 717-739, June.
    4. Roberto Junguito & Hernán Rincón, 2004. "La Política Fiscal en el Siglo XX en Colombia," Borradores de Economia 318, Banco de la Republica de Colombia.
    5. Ronald A. Shearer & Carolyn Clark, 1984. "Canada and the Interwar Gold Standard, 1920-35: Monetary Policy without a Central Bank," NBER Chapters, in: A Retrospective on the Classical Gold Standard, 1821-1931, pages 277-310, National Bureau of Economic Research, Inc.
    6. Ben S. Bernanke & Mark Gertler & Mark Watson, 1997. "Systematic Monetary Policy and the Effects of Oil Price Shocks," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(1), pages 91-157.
    7. Diebold, Francis X. & Chen, Celia, 1996. "Testing structural stability with endogenous breakpoint A size comparison of analytic and bootstrap procedures," Journal of Econometrics, Elsevier, vol. 70(1), pages 221-241, January.
    8. Smits, J.-P. & Woltjer, P. & Ma, D., 2009. "A Dataset on Comparative Historical National Accounts, ca.1870-1950: A Time-Series Perspective," GGDC Research Memorandum GD-107, Groningen Growth and Development Centre, University of Groningen.
    9. Judson, Ruth, 2017. "The Death of Cash? Not So Fast: Demand for U.S. Currency at Home and Abroad, 1990-2016," International Cash Conference 2017 – War on Cash: Is there a Future for Cash? 162910, Deutsche Bundesbank.
    10. repec:dgr:rugggd:gd-107 is not listed on IDEAS
    11. Henrik Hansen & Søren Johansen, 1999. "Some tests for parameter constancy in cointegrated VAR-models," Econometrics Journal, Royal Economic Society, vol. 2(2), pages 306-333.
    12. Kieran Furlong, 2001. "The Montreal Gazette call loan rate, 1871-1907," Canadian Journal of Economics, Canadian Economics Association, vol. 34(1), pages 165-173, February.
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    Cited by:

    1. Ernst Juerg Weber, 2019. "Copulas and Macroeconomics: the Quantity Theory of Money," Economics Discussion / Working Papers 19-12, The University of Western Australia, Department of Economics.
    2. Han Gao & Mariano Kulish & Juan Pablo Nicolini, 2021. "Two Illustrations of the Quantity Theory of Money Reloaded," Staff Report, Federal Reserve Bank of Minneapolis, pages 1-50, December.

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    More about this item

    Keywords

    Long-run money demand; Cointegration;

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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