Ericsson, Neil R.; Hendry, David F.; Prestwich, Kevin M. - Federal Reserve Board (Board of Governors of the … - 1997
Using annual data from Friedman and Schwartz (1982), Hendry and Ericsson (1991a) developed an empirical model of the demand for broad money in the United Kingdom over 1878-1975. We update that model over 1976-1993, accounting for changed data definitions and clarifying the concept of constancy....