Title of article
On the long-run efficiency of auctioned vs. free permits
Author/Authors
Zhao، Jinhua نويسنده , , Kling، Catherine L. نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2000
Pages
-234
From page
235
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
Tradable emission permits , Auctioned permits , Free permits , Long-run efficiency
Journal title
Economics Letters
Serial Year
2000
Journal title
Economics Letters
Record number
21930
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