Money demand in an open economy framework: Argentina (1932-2002)

This paper analyzes the demand for money in Argentina using the new open macroeconomic framework provided by the Redux Model. In a set up of this model with nontradable goods the fundamentals of money demand appear to be, not only, domestic product and interest rate, but also, net foreign assets rev...

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Detalles Bibliográficos
Autor principal: Gay Baridón, Alejandro Aquiles
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2005
Materias:
Ciencias Económicas
JEL: E41, F41, C22
Argentina
macroeconomía
money demand; open economy; co-integration
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/3809
http://www.depeco.econo.unlp.edu.ar/jemi/2005/trabajo04.pdf
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-3809
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
JEL: E41, F41, C22
Argentina
macroeconomía
money demand; open economy; co-integration
spellingShingle Ciencias Económicas
JEL: E41, F41, C22
Argentina
macroeconomía
money demand; open economy; co-integration
Gay Baridón, Alejandro Aquiles
Money demand in an open economy framework: Argentina (1932-2002)
topic_facet Ciencias Económicas
JEL: E41, F41, C22
Argentina
macroeconomía
money demand; open economy; co-integration
description This paper analyzes the demand for money in Argentina using the new open macroeconomic framework provided by the Redux Model. In a set up of this model with nontradable goods the fundamentals of money demand appear to be, not only, domestic product and interest rate, but also, net foreign assets revenues, productivity differential and terms of trade. These five fundamentals allow to estimate the demand for money in macroeconomic unstable economies like Argentina. We find that the transaction-elasticity and the interest-elasticity are similar to those of developed countries, and that the structural volatility of Argentina's money demand may be explained by external shocks trasmitted through foreign sector related elasticities.
format Objeto de conferencia
Objeto de conferencia
author Gay Baridón, Alejandro Aquiles
author_facet Gay Baridón, Alejandro Aquiles
author_sort Gay Baridón, Alejandro Aquiles
title Money demand in an open economy framework: Argentina (1932-2002)
title_short Money demand in an open economy framework: Argentina (1932-2002)
title_full Money demand in an open economy framework: Argentina (1932-2002)
title_fullStr Money demand in an open economy framework: Argentina (1932-2002)
title_full_unstemmed Money demand in an open economy framework: Argentina (1932-2002)
title_sort money demand in an open economy framework: argentina (1932-2002)
publishDate 2005
url http://sedici.unlp.edu.ar/handle/10915/3809
http://www.depeco.econo.unlp.edu.ar/jemi/2005/trabajo04.pdf
work_keys_str_mv AT gaybaridonalejandroaquiles moneydemandinanopeneconomyframeworkargentina19322002
bdutipo_str Repositorios
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