Aggregate Demand for Narrow and Broad Money: A Study for the Brazilian Economy (1970-1983)

Revista de Econometria. Vol. VI. N. 2. Novembro. pp. 99-130

Graduate Student Working Paper Series, No. 7, College of Commerce and Business Administration, Bureau of Economic and Business Administration, University of Illinois at Urbana-Champaign.

32 Pages Posted: 27 Feb 2014

See all articles by Joaquim Guilhoto

Joaquim Guilhoto

University of Sao Paulo; Organization for Economic Co-Operation and Development (OECD) - Directorate for Science, Technology and Industry (STI)

Date Written: 1985

Abstract

To study the aggregate demand for narrow and broad money for the Brazilian economy in its most recent period, 1970 to 1983, a basic model was developed. From this model, which is a restricted one, an unrestricted model was derived. Using information from both models, the unrestricted model was used to derive a common factor model as well as a first differences model. The best results are attained with the common factor model.

Keywords: Demand, Brazilian, Aggregate Demand

JEL Classification: C67

Suggested Citation

Guilhoto, Joaquim José Martins and Guilhoto, Joaquim José Martins, Aggregate Demand for Narrow and Broad Money: A Study for the Brazilian Economy (1970-1983) (1985). Revista de Econometria. Vol. VI. N. 2. Novembro. pp. 99-130 , Graduate Student Working Paper Series, No. 7, College of Commerce and Business Administration, Bureau of Economic and Business Administration, University of Illinois at Urbana-Champaign. , Available at SSRN: https://ssrn.com/abstract=2401194 or http://dx.doi.org/10.2139/ssrn.2401194

Joaquim José Martins Guilhoto (Contact Author)

Organization for Economic Co-Operation and Development (OECD) - Directorate for Science, Technology and Industry (STI) ( email )

Paris
France

University of Sao Paulo ( email )

Av. Prof. Luciano Gualberto, 908
FEA2
Sao Paulo, 05508-010
Brazil
+ 55 011 3091-5870 (Phone)
+ 55 011 3813-4743 (Fax)

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