## Abstract In this paper, an empirically stable money demand model for M3 in the euro area is constructed. Starting with a multivariate system, three cointegrating relationships with economic content are found: (i) the spread between the long‐term and the short‐term nominal interest rates, (ii) th
✦ LIBER ✦
Modeling the Demand for M3 in the Unified Germany
✍ Scribed by Wolters, Jürgen; Teräsvirta, Timo; Lütkepohl, Helmut
- Book ID
- 121881072
- Publisher
- MIT Press
- Year
- 1998
- Tongue
- English
- Weight
- 193 KB
- Volume
- 80
- Category
- Article
- ISSN
- 0034-6535
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