The Demand for M1 in the U.S.A., 1960-1988
- 1 January 1992
- journal article
- research article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 59 (1) , 25-61
- https://doi.org/10.2307/2297924
Abstract
Estimated U.S. M1 demand functions appear unstable, regularly “breaking down,” over 1960–1988 (e.g. missing money, great velocity decline, M1-explosiThis publication has 5 references indexed in Scilit:
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- Chapter 18 Dynamic specificationPublished by Elsevier ,1984
- Chapter 13 Wald, likelihood ratio, and Lagrange multiplier tests in econometricsPublished by Elsevier ,1984
- Irving Fisher on His Head: The Consequences of Constant Threshold-Target Monitoring of Money HoldingsThe Quarterly Journal of Economics, 1979