The stability of long-run money demand in the United States: A new approach

被引：8

作者：

Wang, Yiming ^{[1
]}

机构：

[1] Xiamen Univ, Dept Publ Econ, Xiamen 361005, Fujian, Peoples R China

来源：

ECONOMICS LETTERS | 2011年 / 111卷 / 01期

关键词：

Money demand; Cointegration; Structural change; Structural instability; Johansen's tests; COINTEGRATION; VECTORS;

D O I：

10.1016/j.econlet.2011.01.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we search for cointegration relation and determine the location of the changes in the long-run money demand in the US. We use the same data set as the previous studies and find that there are two regime changes. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：60 / 63

页数：4

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