An empirical analysis of the composition of financial wealth in Italy

Authors

  • F. MODIGLIANI
  • F. COTULA

DOI:

https://doi.org/10.13133/2037-3643/11454

Keywords:

Financial assets, Italy, econometric model, demand function

Abstract

The work provides empirical analysis of the composition of the financial assets of the Private non bank Sector. The analysis takes off from the problem of estimating in a consistent manner an econometric model of the monetary and financial sector. The authors first examine the structure of a demand function for financial assets which permits analysis of the speed of adjustment of the actual composition of wealth toward that desired. The problem of formulating the demand functions is then presented in such a way that the budget equation of the Private Sector be satisfied, thus ensuring consistency between the different functions.

 

JEL: G10, E27, E21

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Published

2013-12-30

How to Cite

MODIGLIANI, F., & COTULA, F. (2013). An empirical analysis of the composition of financial wealth in Italy. PSL Quarterly Review, 27(109). https://doi.org/10.13133/2037-3643/11454

Issue

Vol. 27 No. 109 (1974)

Section

Editorial

License

 
 
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