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The paper examines the short- and long-term effects of price liberalization in a reforming...

A recent paper by Baba, Hendry, and Starr presents an error-correction model of the demand for M1...

Some of the highly controversial questions in macroeconomics critically hinge on the value of a...

This paper provides estimates of the demand for both narrow and broad monetary aggregates for the...

The reputation of the aggregate demand function for money balances has plummeted since the...

This paper discusses stabilization policy in the presence of bands for the exchange rate. The...