Aggregate money demand functions in five industrial countries: Are they cointegrated?
In this paper we take issue with the claim made in some recent empirical studies that real money balances, real income and interest rates are cointegrated, or, alternatively, that velocity is a stationary variable, which is in contrast with the well known stylised facts about the behaviour of monet...
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| Autores principales: | , , , |
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| Formato: | article |
| Lenguaje: | EN PT |
| Publicado: |
Universidade de São Paulo
2001
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| Materias: | |
| Acceso en línea: | https://doaj.org/article/3886581c32074650a2a2468945bdacd0 |
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