The Translog Utility Function and the Demand for Money in the United States

Money in the utility function: an empirical implementation

“…A number of researchers includin£ Barnett (1930Barnett ( ,1933, Ciietty (1969), Diewert (1974), Donovan (1978), Ewis and Fisher (1984), Husted and Rush (1984), Moroney amd Vilbratte (1974), and Phlips (1976) Donovan (1978), Bamett (1980), Ewis and Fisher (1934), Phlips (1978), and Barnett (1983) model expenditure on individual assets as a function of expenditure on a bundle of goods and services which includes liquid assets.…”

Financial-Firm Production of Monetary Services: A Generalized Symmetric Baroett Variable-Profit-Function Approach

“…The ical studies on demand side. See Barnett (1981), Ewis andFisher (1984, 1985), and Hancock (1985). Table 3 contains estimated average price elasticities of input demands and output supplies.…”

Substitution between monetary assets and consumer goods: New evidence on the monetary transmission mechanism

“…A semi-nonparametric function refers to the use of a truncated series expansion that is dense in a Sobolev norm, see El badawi et al (1983). 12 Some examples of monetary studies using locally flexible forms include the translog for US data by Ewis and Fisher (1984), Serletis (1987Serletis ( , 1988 and Drake (1992) for UK data, and the Almost Ideal Demand System to analyze UK data by Barr and Cuthbertson (1991). The Fourier flexible form has also been used in preference to locally flexible forms such as the Translog (in the context of cost function specifications) in numerous studies of costs and efficiency in banks and other financial institutions (Beccalli, 2007;Fenn et al, 2008;Kauko, 2009.).…”