Cointegration and structural change: an application to the U.S. demand for money.
I perform the cointegration tests for the trivariate model of real monetary aggregates, real personal income, and short-term interest rate. I find the existence of a long-run relationship among these three variables. To check the stability of a long-run money demand relationship, I implement a rank...
| Publicado en: | Economic Inquiry Vol. 40; no. 1; pp. 91 - 102 |
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| Formato: | Artículo |
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Wiley-Blackwell
January 2002
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| Acceso en línea: | Ver este registro en EBSCOhost |