University of Hertfordshire

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Econometric Analysis of Money, Price Expectations and Debt in the U.S.A. Economy. / Bywaters, D.; Thomas, D.G.

University of Hertfordshire, 2010. (UH Business School Working Paper).

Research output: Working paper

Harvard

Bywaters, D & Thomas, DG 2010 'Econometric Analysis of Money, Price Expectations and Debt in the U.S.A. Economy' UH Business School Working Paper, University of Hertfordshire.

APA

Bywaters, D., & Thomas, D. G. (2010). Econometric Analysis of Money, Price Expectations and Debt in the U.S.A. Economy. (UH Business School Working Paper). University of Hertfordshire.

Vancouver

Bywaters D, Thomas DG. Econometric Analysis of Money, Price Expectations and Debt in the U.S.A. Economy. University of Hertfordshire. 2010. (UH Business School Working Paper).

Author

Bywaters, D. ; Thomas, D.G. / Econometric Analysis of Money, Price Expectations and Debt in the U.S.A. Economy. University of Hertfordshire, 2010. (UH Business School Working Paper).

Bibtex

@techreport{435b3c4528fc47538d8d0f0db687773a,
title = "Econometric Analysis of Money, Price Expectations and Debt in the U.S.A. Economy",
abstract = "This paper presents the empirical results of an econometric investigation of the demand and supply of real money with Livingston‟s price expectations and real Federal debt in the U.S.A. economy as a Vector Auto-Regressions System with subsequent „Hendryfication‟. This allows the study to focus on a partial equilibrium model of the money market that pinpoints the crucial variables of fiscal and monetary policies, specifically the debt (wealth creating instruments), the real monetary base, the relevant rates of interest as well as real income and expectations. The long and short run effects of these variables over the quarterly data, spanning from 1960 to 2007, are analysed. Clearly, this is a well-researched field, where others have published excellent work, although this investigation differs in its choice of variables, especially with the inclusion of price expectations to maintain stability of the system in real terms over the sample period. The idea is to explain the dynamics and mechanisms of adjustment, generally left unexplained by economic theory.",
author = "D. Bywaters and D.G. Thomas",
note = "Copyright and all rights therein are retained by the authors. All persons copying this information are expected to adhere to the terms and conditions invoked by each author's copyright. These works may not be re-posted without the explicit permission of the copyright holders.",
year = "2010",
language = "English",
series = "UH Business School Working Paper",
publisher = "University of Hertfordshire",
type = "WorkingPaper",
institution = "University of Hertfordshire",

}

RIS

TY - UNPB

T1 - Econometric Analysis of Money, Price Expectations and Debt in the U.S.A. Economy

AU - Bywaters, D.

AU - Thomas, D.G.

N1 - Copyright and all rights therein are retained by the authors. All persons copying this information are expected to adhere to the terms and conditions invoked by each author's copyright. These works may not be re-posted without the explicit permission of the copyright holders.

PY - 2010

Y1 - 2010

N2 - This paper presents the empirical results of an econometric investigation of the demand and supply of real money with Livingston‟s price expectations and real Federal debt in the U.S.A. economy as a Vector Auto-Regressions System with subsequent „Hendryfication‟. This allows the study to focus on a partial equilibrium model of the money market that pinpoints the crucial variables of fiscal and monetary policies, specifically the debt (wealth creating instruments), the real monetary base, the relevant rates of interest as well as real income and expectations. The long and short run effects of these variables over the quarterly data, spanning from 1960 to 2007, are analysed. Clearly, this is a well-researched field, where others have published excellent work, although this investigation differs in its choice of variables, especially with the inclusion of price expectations to maintain stability of the system in real terms over the sample period. The idea is to explain the dynamics and mechanisms of adjustment, generally left unexplained by economic theory.

AB - This paper presents the empirical results of an econometric investigation of the demand and supply of real money with Livingston‟s price expectations and real Federal debt in the U.S.A. economy as a Vector Auto-Regressions System with subsequent „Hendryfication‟. This allows the study to focus on a partial equilibrium model of the money market that pinpoints the crucial variables of fiscal and monetary policies, specifically the debt (wealth creating instruments), the real monetary base, the relevant rates of interest as well as real income and expectations. The long and short run effects of these variables over the quarterly data, spanning from 1960 to 2007, are analysed. Clearly, this is a well-researched field, where others have published excellent work, although this investigation differs in its choice of variables, especially with the inclusion of price expectations to maintain stability of the system in real terms over the sample period. The idea is to explain the dynamics and mechanisms of adjustment, generally left unexplained by economic theory.

M3 - Working paper

T3 - UH Business School Working Paper

BT - Econometric Analysis of Money, Price Expectations and Debt in the U.S.A. Economy

PB - University of Hertfordshire

ER -