Nominal vs real adjustment in demand for money functions

Recently, Fair (1987) has addressd an interesting question in the areas of demand for money, namely, whether the adjustment of actual to desired demand for money is in nominal or real terms. His conclusion, based on time-seies analysis for twenty-seven countries, including a few developing countries...

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Veröffentlicht in:Applied economics 1990-01, Vol.22 (1), p.5-12
Hauptverfasser: Gupta, K. L., Moazzami, B.
Format: Artikel
Sprache:eng
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