Monetary aggregates

• Money Demand and Economic Uncertainty

  Staff Working Paper 2004-25 Joseph Atta-Mensah

  The author examines the impact of economic uncertainty on the demand for money.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary aggregates JEL Code(s): E, E4, E41, E5, E50

• The Demand for Money in a Stochastic Environment

  Staff Working Paper 2004-7 Joseph Atta-Mensah

  The author re-examines the demand-for-money theory in an intertemporal optimization model. The demand for real money balances is derived to be a function of real income and the rates of return of all financial assets traded in the economy.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary aggregates JEL Code(s): E, E4, E41, E5, E50, G, G1, G11