Modeling the Demand for U.K. Broad Money, 1871-1913
利用高质量数据与最新计量方法，估计了1871-1913年英国广义货币的短期与长期需求函数，结果优于以往估计。
In this paper, the author obtains and interprets estimates of short- and long-run demand for money in the United King dom in the period 1871-1913 utilizing high-quality data on broad money and its determinants and applying recent econometric techniques. A unique, theoretically consistent long-run function is estimated as well as a short-run dynamic demand function that is formally superio r to a number of previous estimates. Copyright 1993 by MIT Press.