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Stability and non-linear dynamics in the broad demand for money in Spain

✍ Scribed by Javier Ordóñez

Book ID
117332389
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
191 KB
Volume
78
Category
Article
ISSN
0165-1765

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## Abstract In this paper we reconsider an error‐correction model of UK broad money demand by Ericsson, Hendry and Prestwich. Their model is non‐linear in both variables and parameters, and it can be viewed as an approximation to a smooth transition regression (STR) type specification. The correspo