开放在货币需求中的作用:来自巴巴多斯的证据

Addington Coppin
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引用次数: 4

摘要

本文采用一个优化的理论框架,对一个开放的小型发展中经济体的货币需求函数的开放性进行建模;在这样做时,它包含了以前三项研究的特别规范。其研究结果证实了在巴巴多斯货币需求规范中衡量开放性的重要性。更具体地说,与经济的贸易部门相关的交易似乎比与非贸易部门相关的交易表现出更大的货币需求弹性。
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The role for openness in the demand for money: Evidence from Barbados

This paper uses an optimizing theoretical framework for modelling openness in the demand for money function for a small, open, developing economy; in so doing, it subsumes the ad hoc specifications of three previous studies. Its findings confirm the importance of a measure of openness in the money demand specification for Barbados. More specifically, it appears that transactions associated with the traded sector of the economy exhibit greater elasticity of money demand than those associated with the nontraded sector.

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