Title of article
Flat subsidies, technological change and transitional dynamics: a welfare analysis
Author/Authors
Garcia-Castrillo، Pedro نويسنده , , Sanso، Marcos نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2000
Pages
-392
From page
393
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
Transitional dynamics , Endogenous growth , Technical change , Thresholds , Industrial policy
Journal title
Economics Letters
Serial Year
2000
Journal title
Economics Letters
Record number
21978
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