Avouyi-Dovi, S.; Brun, M.; Dreyfus, A.; Drumetz, F.; … - Banque de France - 2006
-run relations. Hence the idea of constructing a money demand function that excludes the external counterpart of M3 or, alternatively … and a better adjustment, without affecting the two long-run relations (money demand and the Fisher relation) discussed in …. Lastly, estimates of the real money gap, based on the money demand equation factoring in the substitution effect associated …