Money demand function estimation by nonl
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Youngsoo Bae; Robert M. de Jong
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Article
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2007
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John Wiley and Sons
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English
โ 220 KB
## Abstract Conventionally, the money demand function is estimated using a regression of the logarithm of money demand on either the interest rate or the logarithm of the interest rate. This equation is presumed to be a cointegrating regression. In this paper, we aim to combine the logarithmic spec