INTEREST RATE SEASONALITY AND THE SPECIFICATION OF MONEY DEMAND FUNCTIONS.

This paper attempts to test the sensitivity of the interest rate coefficient in money demand functions to the use of adjusted and unadjusted data and particular methods of seasonal adjustment. The results suggest that the failure to account for interest rate seasonality when estimating a money deman...

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Bibliographic Details

Published in:	Review of Economics & Statistics Vol. 57; no. 2; pp. 252 - 256
Main Authors:	Lombra, Raymond, Kaufman, Herbert M.
Format:	Article
Published:	MIT Press May75
Subjects:	Demand for money Demand function Economic seasonal variations Money Interest rates Money supply Mathematical models of economics
Online Access:	View this record in EBSCOhost