Delatte, Anne-Laure; Fouquau, Julien; Holz, Carsten - C.E.P.R. Discussion Papers - 2013
monetary system during the process of transition and develop money demand functions that reflect these institutional changes …. We consider seasonal unit roots and estimate long run, equilibrium money demand functions, explicitly taking into … transitions in households', firms', and aggregate money demand, on the role of the credit plan and interest rates, on the …