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A State Preference Approach to the Precautionary Demand for Money
Money Precautionary Demand
2015/9/18
Much attention has been devoted in the
literature to the transactions demand for
money and the asset demand for money.
The precautionary motive for holding cash
balances, however, is seldom analyz...
Aggregate and Household Demand for Money: Evidence from Public Opinion Survey on Household Financial Assets and Liabilities
Demand for Money Aggregation Heterogeneity
2011/4/2
We use data from Public Opinion Surveys on Household Financial Assets and Liabilities from 1991 to 2002 to investigate the issues of unobserved heterogeneity among cross-sectional units and stability ...