Add to ORKGWe analyze the ability of recent methods proposed for the specification and estimation of relationships among nonstationary variables, to overcome the traditional instability of empirical money demand functions. We use a 1964-1982 sample for the UK which has been widely used in the literature. The forecasting ability of the resulting model is then compared with that of alternative, reduced form specifications
The paper addresses the empirical application of multivariate cointegration analysis to a small mode...
The paper addresses the practical determination of cointegration rank. This is difficult for many re...
The possibility of using time-varying parameter models in the context of error correction models is ...
This paper evaluates an empirical model of U.K. money demand developed by Milton Friedman and Anna J...
This paper evaluates an empirical model of UK money demand developed by Friedman and Schwartz in Mon...
This study addresses some modelling questions related to the possibility of structural change in mod...
This study addresses some modelling questions related to the possibility of structural change in mod...
In an introductory chapter we collect together some recent results on the representation, estimation...
Since the influential works of Friedman and Schwartz (1963, 1982) on the monetary history of the Uni...
This paper examines several central issues in the empirical modeling of money demand. These issues i...
By applying the methods of cointegration and error-correction, this paper investigates the money dem...
Cointegration analysis has led to equilibrium-correction econometric systems being ubiquitous. But i...
The paper suggests a short-run model of the demand for steel that may be used for forecasting future...
The finding that error correction models do not forecast better than the corresponding first differe...
Conventional error-correction and cointegration techniques are utilized to derive demand for money m...
The paper addresses the empirical application of multivariate cointegration analysis to a small mode...
The paper addresses the practical determination of cointegration rank. This is difficult for many re...
The possibility of using time-varying parameter models in the context of error correction models is ...
This paper evaluates an empirical model of U.K. money demand developed by Milton Friedman and Anna J...
This paper evaluates an empirical model of UK money demand developed by Friedman and Schwartz in Mon...
This study addresses some modelling questions related to the possibility of structural change in mod...
This study addresses some modelling questions related to the possibility of structural change in mod...
In an introductory chapter we collect together some recent results on the representation, estimation...
Since the influential works of Friedman and Schwartz (1963, 1982) on the monetary history of the Uni...
This paper examines several central issues in the empirical modeling of money demand. These issues i...
By applying the methods of cointegration and error-correction, this paper investigates the money dem...
Cointegration analysis has led to equilibrium-correction econometric systems being ubiquitous. But i...
The paper suggests a short-run model of the demand for steel that may be used for forecasting future...
The finding that error correction models do not forecast better than the corresponding first differe...
Conventional error-correction and cointegration techniques are utilized to derive demand for money m...
The paper addresses the empirical application of multivariate cointegration analysis to a small mode...
The paper addresses the practical determination of cointegration rank. This is difficult for many re...
The possibility of using time-varying parameter models in the context of error correction models is ...