The Review of Economics and Statistics Vol. 75 No. 1 1993
Modeling the Demand for U.K. Broad Money, 1871-1913
Abstract
In this paper, the author obtains and interprets estimates of short- and long-run demand for money in the United King dom in the period 1871-1913 utilizing high-quality data on broad money and its determinants and applying recent econometric techniques. A unique, theoretically consistent long-run function is estimated as well as a short-run dynamic demand function that is formally superio r to a number of previous estimates.
- DOI
- 10.2307/2109632
- Volume
- 75
- Issue
- 1
- Pages
- 112
- Sources
- crossref openalex