Aggregate demand for narrow and broad money: a study for the brazilian economy (1970-1983)

Guilhoto, Joaquim J.M. (1985): Aggregate demand for narrow and broad money: a study for the brazilian economy (1970-1983). Published in: R.de Econometria , Vol. 6, No. nº2 (November 1986): pp. 99-130.

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 del was derived. Using information from both models, the unrestrited 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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Aggregate demand, Brazilian economy, common factor model
• Subjects: C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C67 - Input-Output Models

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