There are three main purposes to our investigations in the context of demand systems. First and foremost, we want to focus our attention on econometric techniques that can be used to analyze the interrelated demand for money and monetary assets in the context of share equation systems. Secondly, we want to analyze the properties of demand systems which result from the fact that demand systems are obtained by preference-maximizing behavior. Finally, we are interested in the substitutability/complementarity relationship between money and other monetary assets.
KeywordsIncome Elasticity Degree Zero Demand System Full Information Maximum Likelihood Budget Share
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