On the Stability of Long-Run M2 Demand in Japan

The Japanese Economic Review, Vol. 51, No. 4, December 2000.

Posted: 31 Mar 2013

See all articles by Robert A. Amano

Robert A. Amano

Bank of Canada & CREFE

Tony S. Wirjanto

University of Waterloo - School of Accounting and Finance; University of Waterloo, Department of Statistics & Actuarial Science

Date Written: December 1, 2000

Abstract

In this study we examine the stability of long-run broad money demand in Japan. In contrast to previous studies of Japanese broad money demand, we use a series of tests designed specifically to test for structural instability in the presence of I(1) processes. According to these tests, the Japanese broad money demand function appears to be stable over a period of financial innovation and deregulation.

JEL Classification: E41, C22

Suggested Citation

Amano, Robert A. and Wirjanto, Tony S., On the Stability of Long-Run M2 Demand in Japan (December 1, 2000). The Japanese Economic Review, Vol. 51, No. 4, December 2000.. Available at SSRN: https://ssrn.com/abstract=2241874

Robert A. Amano

Bank of Canada & CREFE ( email )

234 Wellington Street
Ottawa, Ontario K1A 0G9
Canada
613-782-8827 (Phone)
613-782-7163 (Fax)

Tony S. Wirjanto (Contact Author)

University of Waterloo - School of Accounting and Finance ( email )

200 University Avenue West
Waterloo, Ontario N2L 3G1
Canada
519-888-4567 x35210 (Phone)

HOME PAGE: http://https://uwaterloo.ca/statistics-and-actuarial-science/people-profiles/tony-wirjanto

University of Waterloo, Department of Statistics & Actuarial Science ( email )

200 University Avenue West
Waterloo, Ontario N2L 3G1
Canada
519-888-4567 x35210 (Phone)
519-746-1875 (Fax)

HOME PAGE: http://math.uwaterloo.ca/statistics-and-actuarial-science/people-profiles/tony-wirjanto

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