Friedman and Schwartz (1982) Revisited: Assessing Annual and Phase-Average Models of Money Demand in the United Kingdom.
Several studies have developed empirical models of U.K. money demand using the century of annual and phase-average data in Friedman and Schwartz (1982). The current paper evaluates key models from those studies, employing tests of constancy and encompassing. The e...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Physica-Verlag
1998
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