Calza, Alessandro (contributor); Zaghini, Andrea (contributor) - 2006
classi�cation: E41, C22.
Keywords: Euro area, cointegration, non-linear error correction, demand
for money.
Non …'s multivariate cointegration procedure is applied to a system
of variables including real money, output and a short-term interest … empirical investigation relies on Krolzig�s (1997) two-stage approach
to the cointegration analysis of vector autoregression …