Abstract
The relation between the demand for money balances and its determinants is a fundamental building block in most theories of macroeconomic behaviour and is a critical component in the formulation of monetary policy. Indeed, a stable demand function for money has long been perceived as a prerequisite for the use of monetary aggregates in the conduct of policy. Not surprisingly, then, the demand for money has been subjected to extensive empirical scrutiny.
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© 1989 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Goldfeld, S.M. (1989). Demand for Money: Empirical Studies. In: Eatwell, J., Milgate, M., Newman, P. (eds) Money. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19804-7_14
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DOI: https://doi.org/10.1007/978-1-349-19804-7_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-49527-8
Online ISBN: 978-1-349-19804-7
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