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The stability of money demand, its interest sensitivity, and some implications for money as a policy guide

John Carlson ()

Economic Review, 1989, vol. 25, issue Q III, 2-13

Abstract: An examination of recent empirical research on money demand, which states that the interest elasticity of money demand is greater than most economists previously thought. The author discusses the policy implications of this research for both the M1 and M2 measures.

Date: 1989
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