Modelling money demand in Germany
โ
Andreas Beyer
๐
Article
๐
1998
๐
John Wiley and Sons
๐
English
โ 250 KB
In this paper an empirically stable money demand model for M3 in Germany is presented. The sample period 1975ยฑ94 includes German uniยฎcation. It is shown that this development has not substantially destabilized money demand. Parameter stability is extensively tested and not rejected. Applying encompa