Corpus ID: 55174645

The Demand for Currency at Low Interest Rates

@inproceedings{Secchi2004TheDF,
  title={The Demand for Currency at Low Interest Rates},
  author={A. Secchi and F. Lippi},
  year={2004}
}
Money holding behavior at low interest rates is central for evaluating the welfare costs of low inflation. We study this issue by focusing on Italian households’ demand for currency using a unique panel of micro data that span the 1989-2002 period. The more recent data are extracted from a low inflation sample which oers the possibility to analyze money demand at low interest rates. The results provide information on the “optimal rate of inflation” and oer insights on the properties that should… Expand
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