Are money demand equations still alive and kicking? Historical evidence of cointegration for the UK, using nonlinear techniques Working Papers uri icon

publication date

  • 2025

series title

  • Working Paper. Economics

series number

  • 25-02

subjects

  • Economics

keywords

  • money demand stability; nonlinear cointegration; nonlinear equilibrium correction; nonlinear error correction; opportunity cost of holding money; role of money in monetary policy