Hostname: page-component-848d4c4894-wg55d Total loading time: 0 Render date: 2024-06-01T22:56:16.868Z Has data issue: false hasContentIssue false

Some Additional Estimates of the Liquidity Preference Function for the United States**

Published online by Cambridge University Press:  19 October 2009

Extract

In this paper the results of some new structural estimates of liquidity preference may be found. The justification for presenting them is that they differ from earlier estimates in certain ways. In some cases, the implications of these estimates differ sharply from the implications drawn by other observers on the basis of their estimates.

Type
Research Article
Copyright
Copyright © School of Business Administration, University of Washington 1967

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1.Baumol, William, “The Transaction Demand for Cash: An Inventory Theoretic Approach,” Quarterly Journal of Economics, Vol. LXVI (November, 1952), pp. 545556.CrossRefGoogle Scholar
2.Bronfenbrenner, M. and Mayer, T., “Liquidity Functions in the American Economy,” Econometrica, Vol. 28 (October, 1960), pp. 810834.CrossRefGoogle Scholar
3.Bronfenbrenner, M. and Mayer, T., “Rejoinder to Professor Eisner,” Econometrica, Vol. 31 (July, 1963), pp. 539544.CrossRefGoogle Scholar
4.Brunner, Karl and Meltzer, Allan H., “Some Further Investigations of Demand and Supply Functions for Money,” Journal of Finance, Vol. XIX (May, 1964), pp. 240283.CrossRefGoogle Scholar
5.Chow, G. C., “On the Long-Run and Short-Run Demand for Money,” Journal of Political Economy, Vol. LXXIV (April, 1966), pp. 111131.CrossRefGoogle Scholar
6.Courchene, T. J. and Shapiro, H. T., “The Demand for Money: A Note from the Time Series,” Journal of Political Economy, Vol. LXXII (October, 1964), pp. 498503.CrossRefGoogle Scholar
7.Eisner, Robert, “Another Look at Liquidity Preference,” Econometrica, Vol. 31 (July, 1963), pp. 531538.CrossRefGoogle Scholar
8.Friedman, Milton, “The Demand for Money: Some Theoretical and Empirical Results,” Journal of Political Economy, Vol. LXVII (August, 1959), pp. 327351.CrossRefGoogle Scholar
9.Heller, H. R., “The Demand for Money: The Evidence from Short-Run Data,” Quarterly Journal of Economics, Vol. LXXIX (May, 1965), pp. 291303.CrossRefGoogle Scholar
10.Jones, David M., “The Demand for Money: A Review of the Empirical Literature,” Staff Economic Studies, Board of Governors, Federal Reserve System (Summarized in the Federal Reserve Bulletin, February, 1966).Google Scholar
11.Kaufman, George G. and Latta, Cynthia M., “The Demand for Money: Preliminary Evidence from Industrial Countries,” Journal of Financial and Quantitative Analysis, Vol. I (September, 1966), pp. 7589.CrossRefGoogle Scholar
12.Laidler, David, “Some Evidence on the Demand for Money,” Journal of Political Economy, Vol. LXXXIV (February, 1966), pp. 5568.CrossRefGoogle Scholar
13.Latané, R., “Cash Balances and the Interest Rate,” Review of Economics and Statistics, Vol. XLII (November, 1960), pp. 445449.Google Scholar
14.Latané, R., “Income Velocity and Interest Rates,” Review of Economics and Statistics, Vol. XLII (November, 1960), pp. 445449.CrossRefGoogle Scholar
15.Lee, Tong Hun, “Substitutability of Non-Bank Intermediary Liabilities for Money,” Journal of Finance, Vol. XXI (September, 1966), pp. 441458.Google Scholar
16.Meltzer, Allan H., “The Demand for Money: The Evidence from the Time Series,” Journal of Political Economy, Vol. LXXI (June, 1963), pp. 219246.CrossRefGoogle Scholar
17.Meltzer, Allan H., “A Little More Evidence from the Time Series,” Journal of Political Economy, Vol. LXXII (October, 1964), pp. 504508.CrossRefGoogle Scholar
18.Meltzer, Allan H., “Yet Another Look at the Low Level Liquidity Trap,” Econometrica, Vol. 31 (July, 1963), pp. 545549.CrossRefGoogle Scholar
19.Meltzer, Allan H., “The Demand for Money: A Cross-Section Study of Business Firms,” Quarterly Journal of Economics, Vol. LXXVII (August, 1963), pp. 405422.CrossRefGoogle Scholar
20.Teigen, Ronald L., “Demand and Supply Functions for Money in the United States: Some Structural Estimates,” Econometrica, Vol. 32 (October, 1964), pp. 476509.CrossRefGoogle Scholar
21.Tobin, James, “Liquidity Preference and Monetary Policy,” Review of Economic Statistics, Vol. XXIX (February, 1947), pp. 124131.CrossRefGoogle Scholar