An error-correction model of U.S. M2 demand

An error-correction model is used to study the long- and short-run determinants of U.S. demand for M2. The money demand function presented here exhibits parameter stability and predicts quite well the actual behavior of M2 growth in the 1980s.

MoreLess

Year of publication:	1991
Authors:	Mehra, Yash P.
Published in:	Economic Review. - Federal Reserve Bank of Richmond. - 1991, May, v. 77, no. 3, p. 3-12
Publisher:	Federal Reserve Bank of Richmond
Subject:	Money supply

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005063965