Muscatelli, Vito Antonio; Papi, Papi , Luca - In: Economia Internazionale / International Economics 42 (1989) 1-2, pp. 90-107
This paper considers the applicability of a « forward-looking intertemporal optimisation » model of the demand. for money to Italian data for M2 balances. The authors estimate the resulting model using both « errors-in-variables » and « two-stage » estimation methods, and assess the...