Demand for money: tests of functional forms and stability

abstract

• Extending the family of functional forms of demand for money to the quadratic flexible functional family with first-order autoregressive errors, this paper tests several member functions of the family, tests stability of functions over time, and investigates the effect of temporal aggregation level of data. The stability hypothesis is strongly rejected and the acceptable functional form is found to depend on the temporal aggregation level of data. 1981, Taylor & Francis Group, LLC. All rights reserved.

authors

• Hwang, Haeshin

published proceedings

• Applied Economics

author list (cited authors)

• Hwang, H.

citation count

• 1

complete list of authors

• Hwang, Hae-Shin

publication date

• January 1981

publisher

• Taylor & Francis  Publisher

published in

• Applied Economics  Journal

keywords

• Rehabilitation

Digital Object Identifier (DOI)

• 10.1080/00036848100000028

start page

• 235

end page

• 244

volume

• 13

issue

• 2

URL

• http%3A%2F%2Fdx.doi.org%2F10.1080%2F00036848100000028