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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Chi tiết về thư mục
Tác giả chính:	Aguirre, Harold Stevens Ávila
Định dạng:	Online
Ngôn ngữ:	spa
Được phát hành:	Universidad Pedagógica y Tecnológica de Colombia 2013
Những chủ đề:	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)
Truy cập trực tuyến:	https://revistas.uptc.edu.co/index.php/cenes/article/view/2064

Miêu tả
Tóm tắt:	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.