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Original Articles

The demand for money in Italy, 1861–1988

Pages 299-301 | Published online: 06 Oct 2010
 

Abstract

We report estimates of long-run and short-run money demand functions in Italy over the period 1861–1980 which are robust in terms of passing a range of diagnostic tests and exhibit a fairly high degree of parameter stability. The results are comparable to those of previous analysis of long-run data for the United States and the United Kingdom.

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