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Which Road Leads to Stable Money Demand?

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  • William A. Barnett

    (Washington University in St. Louis)

Abstract

This paper denies that the demand for money function is any more unstable than other demand functions and maintains that the controversies regarding unstable money demand are produce by poor methodology that is not shared by other areas of the field of economics, when investigating demand function properties.

Suggested Citation

  • William A. Barnett, 1996. "Which Road Leads to Stable Money Demand?," Macroeconomics 9611001, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpma:9611001
    Note: Type of Document - Microsoft Word; prepared on Macintosh; to print on PostScript; pages: 19 ; figures: 1 included.. This paper is the most recent draft of a paper invited by the Economic Journal for its Controversies Section. The topic of the section will be stability of the demand for money function. See http://econwpa.wustl.edu:80/~barnett/ .
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Divisia velocity demand money stability;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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