International evidence on long-run money demand
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DOI: 10.1016/j.jmoneco.2020.07.003
Abstract: We explore the long-run demand for M1 based on a dataset comprising 31 countries since 1851. In many cases cointegration tests identify a long-run equilibrium relationship between either velocity and the short rate, or M1,… read more here.
Keywords: short rate; long run; run; international evidence ... See more keywords