Winder, Carlo C. A.; Fase, Martin M. G. - In: Empirical Economics 23 (1998) 3, pp. 507-524
This study presents the results of an empirical analysis of the demand for money in the European Union as a whole over the period 1971-1995, with a particular focus on the impact of financial wealth. The empirical evidence shows a substantial impact of wealth on the demand for M2 and M3, whereas...