Corrigendum to "Habit persistence in consumption and the demand for money" [Economic Letters 96 (2007) 168-176]

Ryoji Hiraguchi ()

Economics Letters, 2008, vol. 101, issue 1, 95-95

Abstract: I correct Propositions 1, 2, 3 and 4 in Lioui and Rangvid [Economics letters 96(2007)]. Their conclusion that money demand is not well-defined for plausible parameter values under the ratio specification of habit is wrong.

Keywords: Habit; formation; Money (search for similar items in EconPapers)
Date: 2008
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