Panel Data Evidence on the Demand for Money

Article OPEN
Serletis, Apostolos; Vaccaro, Jason;
  • Journal: Economia Internazionale / International Economics,volume 59,issue 4,pages525-549
  • Subject: Panel unit root tests; Panel cointegration tests; International comparisons of money demand.
    • jel: jel:C12 | jel:E41 | jel:E50

This paper examines the demand for money using panel data for 48 countries over the 1980-95 time period. In our examination of the conventional money demand function, we begin by empirically exploiting traditional panel methodology and fi nd support for heterogeneity am... View more
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