Journal article
Friedman and Schwartz (1982) Revisited: Assessing Annual and Phase-Average Models of Money Demand in the United Kingdom.
- Abstract:
- Several studies have developed empirical models of U.K. money demand using the century of annual and phase-average data in Friedman and Schwartz (1982). The current paper evaluates key models from those studies, employing tests of constancy and encompassing. The evidence strongly favors an annual model from Ericsson, Hendry, and Prestwich (1998a), whereas models based on the phase-average data fare poorly.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
-
-
(Preview, Accepted manuscript, pdf, 174.0KB, Terms of use)
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- Publisher copy:
- 10.1007/BF01294415
Authors
+ Economic and Social Research Council
More from this funder
- Funding agency for:
- Hendry, D
- Grant:
- R000234954
- Publisher:
- Physica-Verlag
- Journal:
- Empirical Economics More from this journal
- Volume:
- 23
- Issue:
- 3
- Pages:
- 401 - 415
- Publication date:
- 1998-09-01
- DOI:
- ISSN:
-
0377-7332
- Language:
-
English
- UUID:
-
uuid:189d8a08-4653-4338-a9e8-3d6239c97d68
- Local pid:
-
oai:economics.ouls.ox.ac.uk:10654
- Deposit date:
-
2011-08-16
- ARK identifier:
Terms of use
- Copyright holder:
- Springer-Verlag
- Copyright date:
- 1998
- Notes:
- © Springer-Verlag 1998. The final publication is available at springerlink.com
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