40 Years of Empirical Evidence of Cointegration and Nonlinear Equilibrium Correction in UK Money Demand since the XIX Century Working Papers uri icon

publication date

  • 2025

series title

  • Working Paper. Economics

series number

  • 25-12

subjects

  • Economics

keywords

  • money demand stability; nonlinear cointegration; nonlinear equilibrium correction; nonlinear error correction; rational polynomials; opportunity cost of holding money