Hsing, Yu - In: Review of Pacific Basin Financial Markets and Policies … 10 (2007) 03, pp. 329-339
The Box–Cox transformation indicates that the log-linear form for M2 demand cannot be rejected while the Fair (1987) specification and the linear form can be rejected at the 5% level in favor of general functional form. M2 demand is positively influenced by real GDP, the deposit rate, and the...
