An error-correction model of U.S. M2 demand

Yash P. Mehra

Economic Review, 1991, vol. 77, issue May, 3-12

Abstract: An error-correction model is used to study the long- and short-run determinants of U.S. demand for M2. The money demand function presented here exhibits parameter stability and predicts quite well the actual behavior of M2 growth in the 1980s.

Keywords: Money; supply (search for similar items in EconPapers)
Date: 1991
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