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The stability of german money demand: Not just a myth

✍ Scribed by Michael Scharnagl

Publisher
Springer-Verlag
Year
1998
Tongue
English
Weight
893 KB
Volume
23
Category
Article
ISSN
0377-7332

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πŸ“œ SIMILAR VOLUMES

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