G1 - General Financial Markets
-
-
An Integrated Model of the Portfolio Behaviour of the Canadian Household Sector: 1968-1983
An econometric model of the portfolio behaviour of the Canadian household sector is developed to study the linkages between demands for financial assets. The theoretical basis for the model is a version of the well-known Brainard-Tobin framework, which is extended to integrate the consumption-savings and portfolio-allocation decisions. This integration allows joint estimation of the real […]