Which Road Leads to Stable Money Demand?

William Barnett

Macroeconomics from University Library of Munich, Germany

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)
Pages: 19 pages
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:
Chapter: Which Road Leads to Stable Money Demand? (2000)
Journal Article: Which Road Leads to Stable Money Demand? (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:9611001

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