Money demand in an open economy framework: Argentina (1932-2002)
- Autores
- Gay Baridón, Alejandro Aquiles
- Año de publicación
- 2005
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- This paper analyzes the demand for money in Argentina using the new open macroeconomic framework provided by the Redux Model. In a set up of this model with nontradable goods the fundamentals of money demand appear to be, not only, domestic product and interest rate, but also, net foreign assets revenues, productivity differential and terms of trade. These five fundamentals allow to estimate the demand for money in macroeconomic unstable economies like Argentina. We find that the transaction-elasticity and the interest-elasticity are similar to those of developed countries, and that the structural volatility of Argentina's money demand may be explained by external shocks trasmitted through foreign sector related elasticities.
Departamento de Economía - Materia
-
Ciencias Económicas
JEL: E41, F41, C22
Argentina
macroeconomía
money demand; open economy; co-integration - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by/3.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/3809
Ver los metadatos del registro completo
| id |
SEDICI_fae58ac98f5975ba3f686193ebd41638 |
|---|---|
| oai_identifier_str |
oai:sedici.unlp.edu.ar:10915/3809 |
| network_acronym_str |
SEDICI |
| repository_id_str |
1329 |
| network_name_str |
SEDICI (UNLP) |
| spelling |
Money demand in an open economy framework: Argentina (1932-2002)Gay Baridón, Alejandro AquilesCiencias EconómicasJEL: E41, F41, C22Argentinamacroeconomíamoney demand; open economy; co-integrationThis paper analyzes the demand for money in Argentina using the new open macroeconomic framework provided by the Redux Model. In a set up of this model with nontradable goods the fundamentals of money demand appear to be, not only, domestic product and interest rate, but also, net foreign assets revenues, productivity differential and terms of trade. These five fundamentals allow to estimate the demand for money in macroeconomic unstable economies like Argentina. We find that the transaction-elasticity and the interest-elasticity are similar to those of developed countries, and that the structural volatility of Argentina's money demand may be explained by external shocks trasmitted through foreign sector related elasticities.Departamento de Economía2005-05info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/3809enginfo:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/jemi/2005/trabajo04.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/Creative Commons Attribution 3.0 Unported (CC BY 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-03T10:22:11Zoai:sedici.unlp.edu.ar:10915/3809Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-03 10:22:11.986SEDICI (UNLP) - Universidad Nacional de La Platafalse |
| dc.title.none.fl_str_mv |
Money demand in an open economy framework: Argentina (1932-2002) |
| title |
Money demand in an open economy framework: Argentina (1932-2002) |
| spellingShingle |
Money demand in an open economy framework: Argentina (1932-2002) Gay Baridón, Alejandro Aquiles Ciencias Económicas JEL: E41, F41, C22 Argentina macroeconomía money demand; open economy; co-integration |
| title_short |
Money demand in an open economy framework: Argentina (1932-2002) |
| title_full |
Money demand in an open economy framework: Argentina (1932-2002) |
| title_fullStr |
Money demand in an open economy framework: Argentina (1932-2002) |
| title_full_unstemmed |
Money demand in an open economy framework: Argentina (1932-2002) |
| title_sort |
Money demand in an open economy framework: Argentina (1932-2002) |
| dc.creator.none.fl_str_mv |
Gay Baridón, Alejandro Aquiles |
| author |
Gay Baridón, Alejandro Aquiles |
| author_facet |
Gay Baridón, Alejandro Aquiles |
| author_role |
author |
| dc.subject.none.fl_str_mv |
Ciencias Económicas JEL: E41, F41, C22 Argentina macroeconomía money demand; open economy; co-integration |
| topic |
Ciencias Económicas JEL: E41, F41, C22 Argentina macroeconomía money demand; open economy; co-integration |
| dc.description.none.fl_txt_mv |
This paper analyzes the demand for money in Argentina using the new open macroeconomic framework provided by the Redux Model. In a set up of this model with nontradable goods the fundamentals of money demand appear to be, not only, domestic product and interest rate, but also, net foreign assets revenues, productivity differential and terms of trade. These five fundamentals allow to estimate the demand for money in macroeconomic unstable economies like Argentina. We find that the transaction-elasticity and the interest-elasticity are similar to those of developed countries, and that the structural volatility of Argentina's money demand may be explained by external shocks trasmitted through foreign sector related elasticities. Departamento de Economía |
| description |
This paper analyzes the demand for money in Argentina using the new open macroeconomic framework provided by the Redux Model. In a set up of this model with nontradable goods the fundamentals of money demand appear to be, not only, domestic product and interest rate, but also, net foreign assets revenues, productivity differential and terms of trade. These five fundamentals allow to estimate the demand for money in macroeconomic unstable economies like Argentina. We find that the transaction-elasticity and the interest-elasticity are similar to those of developed countries, and that the structural volatility of Argentina's money demand may be explained by external shocks trasmitted through foreign sector related elasticities. |
| publishDate |
2005 |
| dc.date.none.fl_str_mv |
2005-05 |
| dc.type.none.fl_str_mv |
info:eu-repo/semantics/conferenceObject info:eu-repo/semantics/publishedVersion Objeto de conferencia http://purl.org/coar/resource_type/c_5794 info:ar-repo/semantics/documentoDeConferencia |
| format |
conferenceObject |
| status_str |
publishedVersion |
| dc.identifier.none.fl_str_mv |
http://sedici.unlp.edu.ar/handle/10915/3809 |
| url |
http://sedici.unlp.edu.ar/handle/10915/3809 |
| dc.language.none.fl_str_mv |
eng |
| language |
eng |
| dc.relation.none.fl_str_mv |
info:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/jemi/2005/trabajo04.pdf |
| dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by/3.0/ Creative Commons Attribution 3.0 Unported (CC BY 3.0) |
| eu_rights_str_mv |
openAccess |
| rights_invalid_str_mv |
http://creativecommons.org/licenses/by/3.0/ Creative Commons Attribution 3.0 Unported (CC BY 3.0) |
| dc.format.none.fl_str_mv |
application/pdf |
| dc.source.none.fl_str_mv |
reponame:SEDICI (UNLP) instname:Universidad Nacional de La Plata instacron:UNLP |
| reponame_str |
SEDICI (UNLP) |
| collection |
SEDICI (UNLP) |
| instname_str |
Universidad Nacional de La Plata |
| instacron_str |
UNLP |
| institution |
UNLP |
| repository.name.fl_str_mv |
SEDICI (UNLP) - Universidad Nacional de La Plata |
| repository.mail.fl_str_mv |
alira@sedici.unlp.edu.ar |
| _version_ |
1842260048665903104 |
| score |
13.13397 |