A new empirical weighted monetary aggreg
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Leigh Drake; Terence C. Mills
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Article
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2001
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John Wiley and Sons
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English
β 337 KB
## Abstract This paper utilizes an approach to longβrun modelling proposed by Pesaran __et al__. (1996. Testing for the existence of a long run relationship. Mimeo, University of Cambridge) to develop an empirical weighted broad monetary aggregate for the UK. The properties of this new aggregate ar