Behavior of money demand in Colombia during the period 2000: I-2010: IV

The article develops an econometric model to determine the behavior of money demand in Colombia using theoretical fundamentals as proposed by the monetarist side in the reformulation of the quantity theory of money, developed by Milton Friedman. We used for the estimation the OLS method and the samp...

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Detalhes bibliográficos
Autor principal:	Aguirre, Harold Stevens Ávila
Formato:	Online
Idioma:	spa
Publicado em:	Universidad Pedagógica y Tecnológica de Colombia 2013
Assuntos:	money demand quantity theory of money Milton Friedman Monetarism financial assets real assets. Demanda de dinero teoría cuantitativa del dinero Milton Friedman. (Money demand Milton Friedman)
Acesso em linha:	https://revistas.uptc.edu.co/index.php/cenes/article/view/2064

Descrição
Resumo:	The article develops an econometric model to determine the behavior of money demand in Colombia using theoretical fundamentals as proposed by the monetarist side in the reformulation of the quantity theory of money, developed by Milton Friedman. We used for the estimation the OLS method and the sample took quarterly data from 2000: I to 2010: IV. We used as scale variables real GDP and opportunity cost of the interest rate of Term Deposit Certificates VNPI, as the approximate variable of price level is assumed the CPI.