Technological change and the households' demand for currency
Technological change and the households' demand for currency
复制标题
技术变革和家庭对货币的需求
DOI：
10.1016/j.jmoneco.2008.11.001
复制
发表时间：
2009
影响因子：
4.1
通讯作者：
Alessandro Secchi
中科院分区：
文献类型：
--
作者：
F. Lippi;Alessandro Secchi
它表明，会计技术的变化，跨家庭和时期，是很重要的，以获得理论上一致的估计货币的需求。库存模型的提取技术是明确建模。现金持有量的水平和利率弹性都取决于家庭可用的提款技术。经验代理的家庭提款技术，在城市一级测量的现金提款点的扩散的基础上，被用来测试在1993-2004年期间的意大利家庭数据面板的模型预测。
It is shown that accounting for technology variations, across households and periods, is important to obtain theoretically consistent estimates of the demand for currency. An inventory model is presented where the withdrawal technology is explicitly modeled. Both the level and the interest rate elasticity of cash holdings depend on the withdrawal technology available to households. Empirical proxies for the household withdrawal technology, based on the diffusion of cash withdrawal points measured at city level, are used to test the model predictions on a panel of Italian household data over the 1993–2004 period.