Hallman, Jeffrey J.; Anderson, Richard G. - In: Economic Review (1993) Q I, pp. 14-26
An examination of one of the P-Star model's primary assumptions: the constancy of M2's long-run velocity, or V-Star. Using actual data through the end of 1992, the authors find that simulations of the model under a variety of hypotheses regarding changes in V-Star provide little support for a...
