Castle, Jennifer L.; Fawcett, Nicholas W. P.; Hendry, … - 2008
hence radically shifted
the opportunity costs of holding money, altering demand relative to the prevailing information … economic theory
to constrain the effect through the shift in opportunity costs of holding money. Section 6 concludes.
2 … of real money in a
differenced relation), falls towards 0.007 (panel a), the estimated feedback coefficient (hatwideα1 …