demand function sometimes yield unsatisfactory results: instability of short and long-term coefficients, relatively large …-run relations. Hence the idea of constructing a money demand function that excludes the external counterpart of M3 or, alternatively …, introducing financial asset prices in the demand function of M3, as suggested by Friedman (1988). First, the basic equation, based …

seasonal behaviors of tourist stay demand in Tunisia by using recent tools of monthly time series analysis. The available … demand and the theory of supply induced demand. Empirical results show that these series are generated by non stationary …

specifications of the money demand function sometimes yield unsatisfactory results : instability of short and long-term coefficients … of long-run relations. Hence the idea of constructing a money demand function that excludes the external counterpart of M …3 or, alternatively, introducing financial asset prices in the demand function of M3, as suggested by Friedman (1988 …