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HOUSEHOLD-SECTOR MONEY DEMAND FOR THE UK

✍ Scribed by RAKESH K. BISSOONDEEAL; BARRY E. JONES; JANE M. BINNER; ANDREW W. MULLINEUX


Book ID
111042868
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
320 KB
Volume
78
Category
Article
ISSN
1463-6786

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Forecasting with money demand functions:
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Money demand functions have long been known to be frequently subject to structural change. Since their use for optimal monetary policy design is basically a forecasting exercise, it is crucial to analyse the eect of time instability on the quality of their forecasts. We discuss in this paper whether