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...
| Published in: | Journal of Political Economy Vol. 82; no. 6; pp. 1221 - 1238 |
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| Format: | Article |
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University of Chicago Press
Nov/Dec74
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| Online Access: | View this record in EBSCOhost |