Estimating the Long-Run Demand for Money from Time-Series Data.

A simple theoretical model is developed to illustrate that three aggregation procedures used in the estimation of long-run money demand functions from time-series data--deflating the aggregate data by population and prices, deflating by prices only, or using nominal data undeflated by population or...

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Detalles Bibliográficos
Publicado en:Journal of Political Economy Vol. 82; no. 6; pp. 1221 - 1238
Autor principal: Jacobs, Rodney L.
Formato: Artículo
Publicado: University of Chicago Press Nov/Dec74
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Acceso en línea:Ver este registro en EBSCOhost