Title:Money Demand Stability and Inflation Prediction in the Four Largest EMU Countries Author(s):CARSTENSEN, Kai; HAGEN, Jan; HOSSFELD, Oliver; NEAVES, Abelardo SalazarDate:2009Citation:
- Scottish Journal of Political Economy, 2009, 56, 1, 73-93
Type:ArticleAbstract: aggregate. For the case of Italy, results are less clear. From the estimated money demand functions, we derive both EMU-4 and country-specific measures of money overhang. We find that the EMU-4 overhang measure strongly ...