Pierdzioch, Christian; Rülke, Jan-Christoph; … - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 57 (2011) 1, pp. 5-14
We derive a money demand function from a dynamic macroeconomic general equilibrium model to analyze the correlations between professional economists' forecasts of the growth rate of money supply, the inflation rate, the growth rate of real output, and the nominal interest rate. Upon estimating...