I(2) representations of US money demand

Stefan C. Norrbin, Kevin L. Reffett

Research output: Contribution to journalArticle

2 Scopus citations

Abstract

Researchers have found success in estimating I(2) representations of money demand for other countries. Using a general equilibrium cash-credit model, an I(2) model for the United States is tested. No bias is found from treating the variables as I(1).

Original languageEnglish (US)
Pages (from-to)415-423
Number of pages9
JournalEconomics Letters
Volume49
Issue number4
DOIs
StatePublished - Oct 1995
Externally publishedYes

Keywords

  • CCR
  • Cointegration
  • Money demand

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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