In this paper we provide necessary and sufficient conditions for the excess demand function of a pure exchange economy … to be globally invertible so that there is a unique equilibrium. Indeed, we show that an excess demand function is …

In this paper, the dynamic determinants of money demand function and the long-run and short-run relationships between … estimate a dynamic specification of a log money demand function based on Keynesian liquidity preference theory to ascertain the … demand are co-integrated, i.e., they converge to a long run equilibrium point, and money demand function in Turkey. …