Relative Prices in the UK Personal Sector Money Demand Function
用非参数需求分析确定可接受的货币总量，并在货币需求函数中加入耐用品、非耐用品和服务的相对价格，通过协整分析和误差修正模型证实相对价格在英国个人部门货币需求中起作用。
Non-parametric demand analysis is used in order to establish admissible monetary aggregates and also to establish a potential role for relative prices in the money demand function. A conventional money demand specification is then contrasted with a money demand function which contains the relative prices of durables, non-durables and services as additional regressors. Evidence from long run cointegration analysis, short run error correction models and non-nested testing all confirm a role for relative prices in the UK personal sector's money demand function.