Gupta, Rangan; Majumdar, Anandamayee - In: Empirical Economics 46 (2014) 4, pp. 1221-1240
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:Q1–2010:Q4, using the standard linear cointegration procedures found in the literature, and the corresponding...