Exogeneity within the M2 Demand Function: Evidence from a Large Macroeconomic System.

A large body of literature investigates whether a stable and predictable long-run association between money and its arguments exists. One point of variation between models is whether to include an interest rate measure directly within the long-run relationship. Several recent studies indicate that e...

Full description

Bibliographic Details

Published in:	Economic Inquiry Vol. 42; no. 4; pp. 634 - 647
Main Author:	Schmidt, Martin B.
Format:	Article
Published:	Wiley-Blackwell October 2004
Subjects:	Mathematical models of interest rates Mathematical models of economics Demand for money Macroeconomics
Online Access:	View this record in EBSCOhost