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- W2509047460 abstract "Economic uncertainty and monetary uncertainty are said to affect public’s holding of money in either direction. In this paper, we consider the Korean demand for money, and after including two GARCH-based measures of output uncertainty and monetary uncertainty, we show that both measures exert significant effects on the demand for money in Korea in the short run. However, only the adverse effects of output uncertainty lasts into the long run. Indeed, including the two uncertainty measures yield a stable demand for money in Korea." @default.
- W2509047460 created "2016-09-16" @default.
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- W2509047460 date "2016-08-31" @default.
- W2509047460 modified "2023-10-10" @default.
- W2509047460 title "Economic uncertainty, monetary uncertainty and the Korean demand for money" @default.
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- W2509047460 doi "https://doi.org/10.1080/17487870.2016.1213166" @default.
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