A nonlinear specification of demand for narrow money in Colombia

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Borradores de Economía; No. 135

Date published

1999-10-14

Date

1999-10-14

Authors

Arango-Thomas, Luis Eduardo
González-Gómez, Andrés

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ISSN

ISBN

Document language

spa
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

A nonlinear smooth transition regression (STR) model of the demand for narrow money in Colombia is specified using monthly data for cash, prices, the scale variable (industrial GDP), the interest rate and the rate of depreciation, within the single equati

Description

JEL Codes

E41 - Demand for Money
C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion processes
C52 - Model Evaluation, Validation, and Selection

Temática

Keywords

Keywords

Demand , Money , Colombia

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5153
 https://hdl.handle.net/20.500.12134/5153
 https://ideas.repec.org/p/bdr/borrec/135.html
 https://doi.org/10.32468/be.135

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