The effect of barter on the demand for money: an empirical analysis

The effect of barter on the demand for money: an empirical analysis

The impact of barter on the M2 money demand for the U.S is explored. The results show that, in addition to the traditional explanatory variables, the level of barter must be included in the estimates of the demand for money.

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Veröffentlicht in:Economics letters 1999-07, Vol.64 (1), p.73-80
Hauptverfasser: Marvasti, A., Smyth, David J.
Format: Artikel
Sprache:eng
Schlagworte:
Barter
Demand for money
Empirical analysis
Empirical research
Exchange
Money
Money demand
U.S. economy
U.S.A
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Beschreibung
Zusammenfassung:The impact of barter on the M2 money demand for the U.S is explored. The results show that, in addition to the traditional explanatory variables, the level of barter must be included in the estimates of the demand for money.
ISSN:0165-1765
1873-7374
DOI:10.1016/S0165-1765(99)00087-7