Gupta, Rangan; Majumdar, Anandamayee - Department of Economics, Faculty of Economic and … - 2011
This paper, first, estimates the appropriate, log-log or semi-log, linear long-run money demand relationship capturing the behavior US money demand over the period of 1980:Q1 to 2010:Q4, using the standard linear cointegration procedures found in the literature, and the corresponding...