Starting with a cost function leading to a second order partial adjustment model, and a money demand

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Starting with a cost function leading to a second order partial adjustment model, and a money demand function with permanent income as the scale variable, derive the appropriate form of the estimating equation for the demand for money.

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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Question Posted: Nov 12, 2024 03:00 AM

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Starting with a cost function leading to a second order partial adjustment model, and a money demand

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Monetary Economics

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