Bahmani-Oskooee, Mohsen; Maki Nayeri, Majid - In: Review of Economic Analysis : REA 12 (2020) 1, pp. 73-87
In an attempt to establish stability of the demand for money, some recent studies have included the volatility of the money supply and output to account for uncertainty. In this paper we consider the experience of Japan but rather than including an uncertainty measure related to money supply and...