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- W2129784671 abstract "This paper compares the forward-looking and general-to-specific approaches to modeling the demand for M1 in the United Kingdom. The authors show that the forward-looking models lead to a restrictive dynamic structure compared to models obtained using the alternative approach. Models derived using the general-to-specific approach also seem to be preferable to forward-looking models in that they yield more plausible long-run properties. The authors also employ variance-encompassing tests to discriminate between the two approaches. Copyright 1989 by Blackwell Publishing Ltd" @default.
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- W2129784671 date "2009-05-01" @default.
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- W2129784671 title "A COMPARISON OF THE ‘RATIONAL EXPECTATIONS’ AND ‘GENERAL-TO-SPECIFIC’ APPROACHES TO MODELLING THE DEMAND FORM1‡" @default.
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- W2129784671 doi "https://doi.org/10.1111/j.1468-0084.1989.mp51004001.x" @default.
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