Bond Yield Uncertainty and the Demand for Money: A Comment
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Stuart D. Allen, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: The purpose of this paper is to reconsider the work recently reported by Amihud that the demand for money is an increasing function of the risk of holding bonds. Our evidence from testing annual and quarterly Cambridge k and demand-for-money equations cannot confirm the positive and significant bond-yield uncertainty coefficient reported by Amihud in a semi-annual Cambridge k equation.
Bond Yield Uncertainty and the Demand for Money: A Comment
PDF (Portable Document Format)
337 KB
Created on 11/5/2010
Views: 1765
Additional Information
- Publication
- Economics Letters, 10(3/4), 321-326.
- Language: English
- Date: 1982
- Keywords
- Money, Demand for money, Bonds, Economics