Howells, P. and Hussein, K.A. (1997) Demand for money: Total transactions as the scale variable. Economics Letters, 55 (3). pp. 371-377. ISSN 0165-1765.
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We examine the impact of a direct measure of total transactions in the UK economy on the demand for money by estimating three models (two with proxies for transactions) using the dynamics OLS cointegration technique. The total transactions measure outperforms both proxies.
|Uncontrolled keywords:||money demand; total transactions|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculties > Social Sciences > School of Economics|
|Depositing User:||M.A. Ziai|
|Date Deposited:||08 Jun 1914 07:37|
|Last Modified:||27 Jun 2012 09:23|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/18115 (The current URI for this page, for reference purposes)|
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