Fagan, Gabriel; Henry, JÊrÆme - In: Empirical Economics 23 (1998) 3, pp. 483-506
Long-run properties of EU-wide money aggregates are analysed. For each of the three aggregates considered - Currency, M1 and M3H - it is possible to obtain cointegrating relationships with GDP and interest rates (long or short term market interest rates). Results are not improved when...