DEMAND FOR MONEY AND EXPECTED INFLATION

被引:1
|
作者
CESARANO, F
机构
[1] Banca d'ltalia, Servizio Studi, Roma, via Nazionale, 91
关键词
D O I
10.1080/00036849100000129
中图分类号
F [经济];
学科分类号
02 ;
摘要
The role of the expected rate of inflation in the demand for money has been highly controversial both at the theoretical and the empirical level. This note critically discusses these issues and puts forward a hypothesis accounting for the significance of expected inflation in money demand equations which is corroborated by an empirical investigation of the Italian experience, particularly suited for this specific experiment. © 1991, Taylor & Francis Group, LLC. All rights reserved.
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页码:1649 / 1653
页数:5
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