Year
1991
Authors
PONCET Patrice, REN XIAOLI
Abstract
This article analyses the long-run stability of the short term demand for money in the USA, France, Japan, GFR and the UK between 1970 and 1988. According to both Structural change tests à la Chow and Cusum tests à la Brown, Durbin and Evans have indicated that the null hypothesis of long-run stability cannot be rejected except, perhaps, in the USA.
PONCET, P. et REN, X. (1991). La stabilité à long terme de la demande de monnaie de court terme : une comparaison internationale. ESSEC Business School.