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Money Demand Predictability

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NBER1985-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1580
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The performance of empirical money demand equations over the past decade raises serious questions about money demand predictability. A variety of specifications were presented to explain past episodes of apparent money demand instability, but their success in predicting future money demand is
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1985-03-01
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