Brissimis, Sophocles N.; Hondroyiannis, George; Swamy, … - Bank of Greece - 2003
This paper examines the behaviour of the demand for money in Greece during 1976:1-2000:4, a period that included many of the influences that cause money-demand instability. Two empirical methodologies, vector error correction (VEC) modelling and second-generation random coefficient (RC)...