Avouyi-Dovi, Sanvi; Drumetz, Françoise; Sahuc, … - Centre d'Études des Politiques Économiques (EPEE), … - 2007
This article sets out to re-examine the money demand function for the euro area. Traditional specifications often yield unsatisfactory results: instability of short and long-term coefficients; relatively large differences between estimated and actual value of variables; and significant changes...