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March/April 1994, 
Vol. 76, No. 2
Posted 1994-03-01

Money Demand in a Flexible Dynamic Fourier Expenditure System

by Douglas Fisher and Adrian Fleissig

The authors produce two versions of the dynamic Fourier expenditure system that are then compared with the static model in various ways. They briefly discuss the static model before going into considerable detail over what they call the “time-series approach” to making the Fourier model dynamic.