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Título:
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Cointegration, Error Correction Models and Forecasting: The U.K. Demand for Money
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Autores:
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García Ferrer, Antonio ;
Novales Cinca, Alfonso
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Tipo de documento:
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texto impreso
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Editorial:
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Facultad de Ciencias Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE), 1995-03
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Dimensiones:
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application/pdf
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Nota general:
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cc_by_nc
info:eu-repo/semantics/openAccess
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Idiomas:
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Palabras clave:
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Estado = Publicado
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Materia = Ciencias Sociales: Economía: Dinero
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Materia = Ciencias Sociales: Economía: Econometría
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Tipo = Documento de trabajo o Informe técnico
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Resumen:
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We analyze the ability of recent methods proposed for the specification and estimation of relationships among nonstationary variables, to overcome the traditional instability of empirical money demand functions. We use a 1964-1982 sample for the UK which has been widely used in the literature. The forecasting ability of the resulting model is then compared with that of alternative, reduced form specifications.
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En línea:
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https://eprints.ucm.es/id/eprint/27919/1/ICAE9501.pdf
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