Listagem FGV EPGE - Escola Brasileira de Economia e Finanças por autor "Shen, Yan"

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Aggregate vs disaggregate data analysis: a paradox in the estimation of money demand function of Japan under the low interest rate policy

Hsiao, Cheng; Shen, Yan; Fujiki, Hiroshi
2002-03-13

We investigate the issue of whether there was a stable money demand function for Japan in 1990's using both aggregate and disaggregate time series data. The aggregate data appears to support the contention that there was ...