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Aggregate Money Demand Functions
Hoffman, Dennis L.; Rasche, Robert H.
€ 127.60
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Description for Aggregate Money Demand Functions
Paperback. Num Pages: 266 pages, biography. BIC Classification: KCA; KCB; KCH. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 14. Weight in Grams: 428.
The econometric consequences of nonstationary data have wide ranging im plications for empirical research in economics. Specifically, these issues have implications for the study of empirical relations such as a money demand func tion that links macroeconomic aggregates: real money balances, real income and a nominal interest rate. Traditional monetary theory predicts that these nonsta tionary series form a cointegrating relation and accordingly, that the dynamics of a vector process comprised of these variables generates distinct patterns. Re cent econometric developments designed to cope with nonstationarities have changed the course of empirical research in the area, but many fundamental challenges, ... Read more
The econometric consequences of nonstationary data have wide ranging im plications for empirical research in economics. Specifically, these issues have implications for the study of empirical relations such as a money demand func tion that links macroeconomic aggregates: real money balances, real income and a nominal interest rate. Traditional monetary theory predicts that these nonsta tionary series form a cointegrating relation and accordingly, that the dynamics of a vector process comprised of these variables generates distinct patterns. Re cent econometric developments designed to cope with nonstationarities have changed the course of empirical research in the area, but many fundamental challenges, ... Read more
Product Details
Format
Paperback
Publication date
2011
Publisher
Springer Netherlands
Number of pages
266
Condition
New
Number of Pages
266
Place of Publication
Dordrecht, Netherlands
ISBN
9789401073080
SKU
V9789401073080
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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