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The long and short of money and prices: a market equilibrium approach

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  • Schmidt, Martin B.

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Article provided by Elsevier in its journal Journal of Economics and Business.

Volume (Year): 53 (2001)
Issue (Month): 6 ()
Pages: 563-583

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Handle: RePEc:eee:jebusi:v:53:y:2001:i:6:p:563-583

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  1. Boughton, James M. & Tavlas, George S., 1990. "Modeling money demand in large industrial countries: Buffer stock and error correction approaches," Journal of Policy Modeling, Elsevier, Elsevier, vol. 12(2), pages 433-461.
  2. Artis, M J & Lewis, M K, 1976. "The Demand for Money in the United Kingdom: 1963-1973," The Manchester School of Economic & Social Studies, University of Manchester, University of Manchester, vol. 44(2), pages 147-81, June.
  3. Gordon, Robert J, 1984. "The Short-Run Demand for Money: A Reconsideration," CEPR Discussion Papers 24, C.E.P.R. Discussion Papers.
  4. Engle, R. & Hendry, D., 1990. "Testing Super Exogeneity And Invariance In Regression Models," Economics Series Working Papers 99100, University of Oxford, Department of Economics.
  5. Robert G. King & Charles I. Plosser & James H. Stock & Mark W. Watson, 1991. "Stochastic trends and economic fluctuations," Working Paper Series, Macroeconomic Issues 91-4, Federal Reserve Bank of Chicago.
  6. Harvey Cutler & Stephen Davies & Martin Schmidt, 2000. "Forecasting in a large macroeconomic system," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 32(13), pages 1711-1718.
  7. Friedman, Benjamin M & Kuttner, Kenneth N, 1992. "Money, Income, Prices, and Interest Rates," American Economic Review, American Economic Association, vol. 82(3), pages 472-92, June.
  8. Johansen, S., 1991. "Testing Weak Exogeneity and the Order of Cointegration in UK Money Demand Data," Papers, Helsinki - Department of Economics 78, Helsinki - Department of Economics.
  9. Crowder, William J, 1998. "The Long-Run Link between Money Growth and Inflation," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 36(2), pages 229-43, April.
  10. M. Hashem Pesaran & Ron P. Smith, 1998. "Structural Analysis of Cointegrating VARs," Journal of Economic Surveys, Wiley Blackwell, vol. 12(5), pages 471-505, December.
  11. Peter C.B. Phillips, 1988. "Optimal Inference in Cointegrated Systems," Cowles Foundation Discussion Papers 866R, Cowles Foundation for Research in Economics, Yale University, revised Aug 1989.
  12. Fischer, Andreas M. & Nicoletti, Giuseppe, 1993. "Regression direction and weak exogeneity: Determining the conditioning properties of US money demand functions," Journal of Monetary Economics, Elsevier, Elsevier, vol. 32(2), pages 213-235, November.
  13. Baghestani, Hamid & Mott, Tracy, 1997. "A Cointegration Analysis of the U.S. Money Supply Process," Journal of Macroeconomics, Elsevier, Elsevier, vol. 19(2), pages 269-283, April.
  14. Pesaran, M. H. & Shin, Y., 1997. "Generalised Impulse Response Analysis in Linear Multivariate Models," Cambridge Working Papers in Economics 9710, Faculty of Economics, University of Cambridge.
  15. Jack Carr & Michael R. Darby, 1977. "The Role of Money Supply Shocks in the Short-Run Demand for Money," UCLA Economics Working Papers 098, UCLA Department of Economics.
  16. Harvey, A. C. & Stock, James H., 1988. "Continuous time autoregressive models with common stochastic trends," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 365-384.
  17. Cochrane, John H. & Sbordone, Argia M., 1988. "Multivariate estimates of the permanent components of GNP and stock prices," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 255-296.
  18. Johansen, Soren & Juselius, Katarina, 1994. "Identification of the long-run and the short-run structure an application to the ISLM model," Journal of Econometrics, Elsevier, vol. 63(1), pages 7-36, July.
  19. John V. Duca, 1992. "The case of the "missing M2."," Research Paper 9202, Federal Reserve Bank of Dallas.
  20. Johansen, Soren, 1992. "Cointegration in partial systems and the efficiency of single-equation analysis," Journal of Econometrics, Elsevier, vol. 52(3), pages 389-402, June.
  21. Johansen, Søren & Juselius, Katarina, 1992. "Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK," Journal of Econometrics, Elsevier, vol. 53(1-3), pages 211-244.
  22. Fischer, Andreas M, 1993. "Is Money Really Exogenous? Testing for Weak Exogeneity in Swiss Money Demand," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 25(2), pages 248-58, May.
  23. Carr, Jack & Darby, Michael R. & Thornton, Daniel L., 1985. "Monetary anticipations and the demand for money: Reply to MacKinnon and Milbourne," Journal of Monetary Economics, Elsevier, Elsevier, vol. 16(2), pages 251-257, September.
  24. Pesaran, M. H. & Smith, Ron P., 1998. "Structural Analysis of Cointegrating VARs," Cambridge Working Papers in Economics 9811, Faculty of Economics, University of Cambridge.
  25. Hallman, Jeffrey J & Porter, Richard D & Small, David H, 1991. "Is the Price Level Tied to the M2 Monetary Aggregate in the Long Run?," American Economic Review, American Economic Association, vol. 81(4), pages 841-58, September.
  26. Miyao, Ryuzo, 1996. "Does a Cointegrating M2 Demand Relation Really Exist in the United States?," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 28(3), pages 365-80, August.
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Cited by:
  1. Martin Schmidt, 2007. "The long and short of money: short-run dynamics within a structural model," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 40(2), pages 175-192.

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