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Pierdzioch, C., Rülke, J., Stadtmann, G. Survey Forecasts and Money Demand Functions: Some International Evidence. Applied Economics Quarterly, 57(1), 5-14. https://doi.org/10.3790/aeq.57.1.5
Pierdzioch, Christian; Rülke, Jan-Christoph and Stadtmann, Georg "Survey Forecasts and Money Demand Functions: Some International Evidence" Applied Economics Quarterly 57.1, , 5-14. https://doi.org/10.3790/aeq.57.1.5
Pierdzioch, Christian/Rülke, Jan-Christoph/Stadtmann, Georg: Survey Forecasts and Money Demand Functions: Some International Evidence, in: Applied Economics Quarterly, vol. 57, iss. 1, 5-14, [online] https://doi.org/10.3790/aeq.57.1.5

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Survey Forecasts and Money Demand Functions: Some International Evidence

Pierdzioch, Christian | Rülke, Jan-Christoph | Stadtmann, Georg

Applied Economics Quarterly, Vol. 57 (2011), Iss. 1 : pp. 5–14

1 Citations (CrossRef)

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Helmut-Schmidt-University, Department of Economics, Holstenhofweg 85, P.O.B. 700 822, 22008 Hamburg, Germany.

WHU—Otto Beisheim School of Management, Department of Economics, Burgplatz 2, 56179 Vallendar, Germany.

Europa-Universitaet Viadrina, Department of Economics, P.O.B. 1786, 15207 Frankfurt (Oder), Germany and University of Southern Denmark (Odense, Denmark).

Cited By

  1. Expectations and the quantity equation – evidence from Eastern European countries

    Fendel, Ralf

    Ruelke, Jan-Christoph

    Applied Economics, Vol. 46 (2014), Iss. 3 P.329

    https://doi.org/10.1080/00036846.2013.839862 [Citations: 0]

Abstract

We derive a money demand function from a dynamic macroeconomic general equilibrium model to analyze the correlations between professional economists' forecasts of the growth rate of money supply, the inflation rate, the growth rate of real output, and the nominal interest rate. Upon estimating the money demand function on survey data of professional economists' forecasts for fourteen Asian-Pacific and Central and South-Eastern European countries, we find that the correlations between professional economists' forecasts are broadly consistent with the money demand function implied by the macroeconomic model.

JEL Classification: E41, E47