2009•Institutional Repositories DataBase (IRDB)Open access

On Empirical Implications of Highly Interest-Elastic Money Demand : A Note

Kiyotaka Nakashima, Makoto Saito

Abstract

Based on a standard model of money demand, this paper first shows that a relationship between money supply and prices may be substantially weakened when money demand is highly interest-elastic, and then presents empirical evidence for this implication using the Japanese money market data for the sample period, 1985-1999.

About this research paper

What this paper is about

Why it matters

OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Economics, Demand for money, Monetary economics, Sample (material), Money market, Money supply, Demand deposit, Broad money