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
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: Suggested Citation