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| Author: | Ericsson, N. |
| Title: | Empirical modeling of money demand |
| Journal: | Empirical Economics
1998 : VOL. 23:3, p. 295-316 |
| Index terms: | EMPIRICAL RESEARCH MONEY DEMAND ECONOMICS |
| Language: | eng |
| Abstract: | This paper examines several central issues in the empirical modeling of money demand. These issues indicate economic theory, data measurement, parameter constancy, the opportunity cost of holding money, cointegration, model specification, exogeneity, and inferences for policy. Review of these issues at a general level is paralleled by discussion of specific empirical applications, including some new results on the demand for narrow money in the United Kingdom. |
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