What Have We Learned About Estimating the Demand for Money? : A Multicountry Evaluation of Some New Approaches /

This paper provides estimates of the demand for both narrow and broad monetary aggregates for the five largest industrial countries using two recent approaches: buffer stock and error correction models. The performances of these models are compared with several versions of the conventional partial a...

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Bibliographic Details
Main Author: Tavlas, George
Other Authors: Boughton, James
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1991.
Series:IMF Working Papers; Working Paper ; No. 1991/016
Subjects:
Online Access:Full text available on IMF