Does a Cointegrating M2 Demand Relation Really Exist in the United States?

This paper reexamines evidence on M2 demand cointegration in the postwar United States. Equilibrium relations between M2 and various sets of its determinants are analyzed using quarterly observations from 1959:1 to 1988:4, 1990:4, and 1993:4 based on three different testing methods. For earlier subs...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 1996-08, Vol.28 (3), p.365-380
1. Verfasser:	Miyao, Ryuzo
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Analytical forecasting Bank credit Cointegration analysis Credit Critical values Demand Economic theory Empirical evidence Interest rates Monetary aggregates Money Money demand Real output Supply and demand Treasury bills United States economic conditions Variables Vector autoregression
Online-Zugang:	Volltext
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