• Title of article

    An algebraic interpretation of cointegration

  • Author/Authors

    Neusser، Klaus نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2000
  • Pages
    -272
  • From page
    273
  • 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
    Integration , cointegration , Drazin and group inverses
  • Journal title
    Economics Letters
  • Serial Year
    2000
  • Journal title
    Economics Letters
  • Record number

    21872