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Aggregate Money Demand Functions Daniel W sondern auch zunehmend Schüler/ -innen

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sondern auch zunehmend Schüler/ -innen und Studenten/ -innen

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Aggregate Money Demand Functions Daniel W sondern auch zunehmend Schüler/ -innenThe econometric consequences of nonstationary data have wide ranging im plications for empirical research in economics. Specifically, these issues have implications for the study of empirical relations such as a money demand func tion that links macroeconomic aggregates: real money balances, real income and a nominal interest rate. Traditional monetary theory predicts that these nonsta tionary series form a cointegrating relation and accordingly, that

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