The effect of regime shifts on the long-run relationships for Swedish money demand

R. Scott Hacker, Abdulnasser Hatemi-J

Research output: Contribution to journalArticlepeer-review

7 Citations (Scopus)

Abstract

When the possibility of an unknown structural break is allowed and it is taken into account we find a significant long-run relationship between Swedish money demand and its determinants that is not found when no break is considered. The estimated elasticities show that money demand is more responsive to its determinants in the period after the break than before. Possible underlying reasons for the occurrence of this break and its implications are explained.

Original languageEnglish
Pages (from-to)1731-1736
Number of pages6
JournalApplied Economics
Volume37
Issue number15
DOIs
Publication statusPublished - Aug 20 2005
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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