The long run money demand function in he United Kingdom: stable or unstable?

Article Abstract:

The UK money demand function for three periods is tested for stability using cointegration tests. Results indicate that for the period from 1951 to 1988 and 1021 to 1988, the demand money function was stable. From 1871 to 1975, no evidence of stability for the broad definition of money is found. The half-hearted support of the cointegration tests may have been due to insufficient data available or omitted variables.

United Kingdom, Economic aspects, Equilibrium (Economics), Demand functions (Economics), Demand functions

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Trend-stationarity, difference-stationarity, or neither: further diagnostic tests with an application to US Real GNP, 1875-1993

Article Abstract:

Research is presented concerning an analysis and evaluation of the trend-stationary characteristics of US Real Gross National Product from 1975-1993. A comparison with difference-stationary is made and diagnostic testing procedures are discussed.

Gross National Product, Research, United States, Economic indicators

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US money demand and the welfare cost of inflation in a currency-deposit model

Article Abstract:

Issues concerning the determination of the accurate welfare cost of inflation in the US are discussed.

Administration of General Economic Programs, Prices, Economic Planning & Research, Social Security,Welfare Svcs Expend, Economic conditions, Inflation (Finance), Economic forecasting, Welfare economics

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