Author Type

Graduate Student

Date of Award

1982

Document Type

Thesis

Publication Status

Version of Record

Submission Date

October 2026

Thesis/Dissertation Advisor [Chair]

Manage, Neela D.

Abstract

This thesis analyzes the demand for money in the United States during the period 1954:1 to 1981:4. A important issue regarding the stability of money demand is addressed in terms of the econometric problems that arise in money demand estimation. A partial-adjustment mechanism is specified to describe dynamic adjustments in the quantity of money. Such an adjustment mechanism introduces a lagged dependent variable as a regressor in the estimating equation. The presence of a lagged dependent variable along with an autocorrelated error term results in inconsistent and inefficient coefficient estimates. The Hatanaka technique is utilized to yield consistent and asymptotically efficient estimates of money demand. Finally, an equation is also estimated to examine the role of the entire term structures of interest rates in a money demand function.

Extent

100 p.

Comments

College of Business|Thesis (M.A.)--Florida Atlantic University, 1982.|FAU Electronic Theses and Dissertations Collection|College of Business

Identifier

FADT14135

Format

pdf

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