Which Road Leads to Stable Money Demand?

Abstract: This paper denies that the demand for money function is any more unstable than other demand functions and maintains that the controversies regarding unstable money demand are produce by poor methodology that is not shared by other areas of the field of economics, when investigating demand function properties.

Keywords: Divisia; velocity; demand; money; stability (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
Date: 1996-11-04
Note: Type of Document - Microsoft Word; prepared on Macintosh; to print on PostScript; pages: 19 ; figures: 1 included.. This paper is the most recent draft of a paper invited by the Economic Journal for its Controversies Section. The topic of the section will be stability of the demand for money function. See http://econwpa.wustl.edu:80/~barnett/ .
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Related works:
Journal Article: Which Road Leads to Stable Money Demand? (1997)
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