The Demand for M1 in the United States : A Commenton Baba, Hendry, and Starr

A Commenton Baba, Hendry, and Starr

The Demand for M1 in the United States : A Commenton Baba, Hendry, and Starr
A recent paper by Baba, Hendry, and Starr presents an error-correction model of the demand for M1 in the United States, which shows a dramatic improvement in both fit and stability over earlier models. This note estimates an alternative model with the same data set and draws two conclusions: that the improvements are due more to the use of... READ MORE...

Publication date: March 1993
ISBN 9781451920963
$15.00

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