• Title of article

    A further interpretation of Friedmans hypothesis: the cointegration of component CPI indexes

  • Author/Authors

    Shoesmith، Gary L. نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2000
  • Pages
    -48
  • From page
    49
  • To page
    0
  • Abstract
    This paper employs quarterly data from the whole of Germany to test the stability of M3 demand for money. The methodology is based on an application of the CUSUM and CUSUMSQ in the context of error-correction modeling and cointegration. The results reveal some instability in M3 money demand function.
  • Keywords
    cointegration , Inflation variability
  • Journal title
    Economics Letters
  • Serial Year
    2000
  • Journal title
    Economics Letters
  • Record number

    21846