Analyzing the stability of demand-for-money equations via bounded-influence estimation techniques.: An article from: Journal of Money, Credit & Banking

This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on November 1, 1990. The length of the article is 4928 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A robust estimation technique - bounded-influence instrumental variables (BIV) - is applied to an error-correction model formulation of a U.S. money demand equation. The weights generated by BIV are used to diagnose structural instability in the specification of the equations and their error processes. These techniques are shown to be valuable additions to the empirical researchers' toolkit, and have been implemented in commonly-used econometric software. (Printed by permission of the publisher.)

Citation Details
Title: Analyzing the stability of demand-for-money equations via bounded-influence estimation techniques.
Author: Christopher F. Baum
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1990
Publisher: Ohio State University Press
Volume: v22 Issue: n4 Page: p465(13)

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