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German monetary unification and the stability of the German M3 money demand function

✍ Scribed by Mohsen Bahmani-Oskooee; Martin T Bohl

Book ID
117333629
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
97 KB
Volume
66
Category
Article
ISSN
0165-1765

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Investigating stability and linearity of
Investigating stability and linearity of a German M1 money demand function
✍ Helmut LΓΌtkepohl; Timo TerΓ€svirta; JΓΌrgen Wolters πŸ“‚ Article πŸ“… 1999 πŸ› John Wiley and Sons 🌐 English βš– 202 KB

Starting from a linear error correction model (ECM) the stability and linearity of a German M1 money demand function are investigated, applying smooth transition regression techniques. Using seasonally unadjusted quarterly data from 1961(1) to 1990(2) it is found that the money demand equation consi