Comments on: A Divisia user cost of money for emerging economies https://monetarypolicy2018.weaconferences.net/papers/a-divisia-user-cost-of-money-for-emerging-economies/ 19th February to 20th April, 2018 Mon, 09 Jun 2025 12:37:55 +0000 hourly 1 By: Jim Swofford https://monetarypolicy2018.weaconferences.net/papers/a-divisia-user-cost-of-money-for-emerging-economies/#comment-48 Sun, 22 Apr 2018 19:23:45 +0000 http://monetarypolicy2018.weaconferences.net/?post_type=wea_paper&p=177#comment-48 John and Ryan, Is some of what your are getting at is that in less developed countries, some consumers may have a discount rate or a shadow discount rate that is higher than any market rate? Might you want to develop and test a model of discount rates?

]]> By: Ryan Mattson https://monetarypolicy2018.weaconferences.net/papers/a-divisia-user-cost-of-money-for-emerging-economies/#comment-30 Tue, 20 Mar 2018 15:28:20 +0000 http://monetarypolicy2018.weaconferences.net/?post_type=wea_paper&p=177#comment-30 Yes. We are pushing on the model to be sure we are consistent with the theory before moving on to testing.

To do that we would also need to construct data sets for emerging economies or economies where the wealth constraint may make a difference in the user costs. South Africa and Mexico for example are two good examples with available data. China would also be ideal if the data is currently available, and I believe some one has worked on building that data set.

]]> By: monetarypolicyconferenceadmin https://monetarypolicy2018.weaconferences.net/papers/a-divisia-user-cost-of-money-for-emerging-economies/#comment-18 Sun, 11 Mar 2018 00:20:54 +0000 http://monetarypolicy2018.weaconferences.net/?post_type=wea_paper&p=177#comment-18 Are you planning to empirically test the model?

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