The demand for money in the United States: evidence from cointegration tests.: 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 May 1, 1991. The length of the article is 6495 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: This paper uses recent cointegration test procedures to investigate the underlying economic relationship between real money balances, real income and interest rates for the United States. Unlike recent studies of money demand, our analysis uses quarterly data spanning the period 1915-1988, thus providing a sample encompassing a wide variety of economic experiences. The evidence presented indicates that the broader M2 measure of money is the preferable measure with which to consider the long-run effects of monetary policy. (Printed by permission of the publisher)

Citation Details
Title: The demand for money in the United States: evidence from cointegration tests.
Author: R.W. Hafer
Publication:Journal of Money, Credit & Banking (Refereed)
Date: May 1, 1991
Publisher: Ohio State University Press
Volume: v23 Issue: n2 Page: p155(14)

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