Results 1 - 1 of 1 for PRIME [Author: Scott E. Hein]
This article provides a critical review of the existing evidence on the issue of the temporal stability of the money demand relationship. Various money demand specifications are examined in terms of their dynamic out-of-sample predictive ability over the post-1972 period and more formally through the use of the Brown-Durbin-Evans cusum-squares tests.
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