What Have We Learned About Estimating the Demand for Money? a Multicountry Evaluation of Some New Approaches

What Have We Learned About Estimating the Demand for Money? a Multicountry Evaluation of Some New Approaches
This paper provides estimates of the demand for both narrow and broad monetary aggregates for the five largest industrial countries using two recent approaches: buffer stock and error correction models. The performances of these models are compared with several versions of the conventional partial adjustment model. Tests are performed in order... READ MORE...

Publication date: February 1991
ISBN 9781451843309
$15.00

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