Human and Nonhuman Wealth in Demand-for-Money Functions.
Using Kendrick's recently published data on human and nonhuman wealth in the United States, log-linear money demand functions of the "partial adjustment" variety are estimated by introducing in each nonhuman, total, or human wealth as the scale or the "constraint" variable. It is found that the long...
| Published in: | Journal of Political Economy Vol. 88; no. 1; pp. 186 - 194 |
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| Main Authors: | , |
| Format: | Article |
| Published: |
University of Chicago Press
Feb80
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |