International Evidence on Long Run Money Demand
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We explore the long-run demand for M1 based on a dataset comprising 31 countries since 1851. In many cases cointegration tests identify a long-run equilibrium relationship between either velocity and the short rate, or M1, GDP, and the short rate. Evidence is especially strong for the United States
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美国国家经济研究局创建时间：
2016-08-01
