The Demand for Divisia Money in the United States: A Dynamic Flexible Demand System
运用Anderson和Blundell的方法，在微观理论框架下分析美国不同层次Divisia货币与类似资产的关系，通过估计嵌套动态模型并检验经济理论，找到数据可接受的最严格动态设定。
This paper applies the Anderson and Blundell (1982) approach to the analysis of the demand for money and attempts to establish the nature of the relationship between Divisia money, defined from narrow to broad, and the like assets at different levels of aggregation. This is achieved by conducting the analysis within a microtheoretical framework--utilizing the demand system approach--and by estimating a sequence of nested dynamic specifications and performing tests of the nested structures as well as on economic theory to establish the most restrictive dynamic specification acceptable to the data. Copyright 1991 by Ohio State University Press.