Muscatelli, Vito Antonio; Spinelli, Franco - In: Economic Inquiry 34 (1996) 3, pp. 579-96
In this paper, the authors estimate a stable demand for money relationship for Italy using a long series of historical data. They extend previously available data sets to obtain a sample for the years 1861 to 1990 and use cointegration analysis and two-stage estimation procedures to obtain a...
