Bachmeier, Lance J. (contributor); … - 2003 - [Elektronische Ressource]
prediction models via cointegrating restrictions among money, prices, and output derived from a simple version of the quantity … breakdown in the cointegrating relationship among prices, money, and output is the result of a failure of M2 as a measure of the … money stock, and is not due to money demand instabilities. Two Monte Carlo experiments that lend credence to our findings …