IDEAS home Printed from https://ideas.repec.org/a/ses/arsjes/1999-iv-3.html
   My bibliography  Save this article

Buffer-Stock-Komponenten in der Geldnachfrage von Deutschlands M3?

Author

Listed:
  • Martin T. Bohl

Abstract

In this paper threshold autoregressive and momentum threshold autoregressive cointegration models are used to investigate buffer stock behavior of German M3 money demand during the period from 1975:1 to 1997:4. These cointegration techniques allow to model deviations of actual money demand from the long-run equilibrium relationship to persist over several periods and to show asymmetric adjustment behavior. Hence, TAR and MTAR techniques are designed to capture the money demand behavior predicted by buffer-stock models. The empirical results confirm the existence of buffer-stock compoments in German M3 money demand function.

Suggested Citation

  • Martin T. Bohl, 1999. "Buffer-Stock-Komponenten in der Geldnachfrage von Deutschlands M3?," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 135(IV), pages 577-589, December.
    • Handle: RePEc:ses:arsjes:1999-iv-3
    as

    Download full text from publisher

    File URL: http://www.sjes.ch/papers/1999-IV-3.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ses:arsjes:1999-iv-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kurt Schmidheiny (email available below). General contact details of provider: https://edirc.repec.org/data/sgvssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.