Dobnik, Frauke - In: Empirical Economics 45 (2013) 1, pp. 89-113
This article examines the long-run money demand function for 11 OECD countries from 1983Q1 to 2006Q4 using panel data … primarily driven by common international trends. Furthermore, it is found that the impact of income on money demand is positive …, whereas it is negative for the interest rate, exchange rate and stock prices. Except for the income elasticity of money demand …