The demand for money in Greece: evidence through a shopping-time technology model and cointegration

Νικόλαος Ε. Απέργης; Χ.  Καρπέτης; Α. Κωτσιοπούλου; Ε. Μιτακίδου; Θ. Τσιακίρη

The demand for money in Greece: evidence through a shopping-time technology model and cointegration

Authors

Νικόλαος Ε. Απέργης
Χ. Καρπέτης
Α. Κωτσιοπούλου
Ε. Μιτακίδου
Θ. Τσιακίρη

Keywords:

Money, Money supply, Demand of money, Greece

Abstract

The objective of this paper is to estimate a long-run version of money demand in Greece through
cointegration tests and over the period 1978-1995. The feature that distinguishes this paper from the
conventional ad-hoc money demand models is that the money demand function is derived through a
shopping-time technology which seems the proper approach when the reason for holding money balances
is the motive of minimizing the transactions costs.

Downloads

Published

12-01-1999

How to Cite

Απέργης Ν. Ε., Καρπέτης Χ., Κωτσιοπούλου Α., Μιτακίδου Ε., & Τσιακίρη Θ. (1999). The demand for money in Greece: evidence through a shopping-time technology model and cointegration. SPOUDAI Journal of Economics and Business, 49(1-4), 33–45. Retrieved from http://spoudai.org/index.php/journal/article/view/518