BISSOONDEEAL, RAKESH K.; JONES, BARRY E.; BINNER, JANE M.; … - In: Manchester School 78 (2010) s1, pp. 90-113
We test for the existence of a long-run money demand relationship for the UK involving household-sector Divisia and simple sum monetary indexes for the period from 1977 to 2008. We construct our Divisia index using non-break-adjusted levels and break-adjusted flows following the Bank of England....