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Inflationary Expectations and the Demand for Money: The Greek Experience “A Comment and Some Different Results” — A Rejoinder
Credit and Capital Markets – Kredit und Kapital, Vol. 17 (1984), Iss. 2 : pp. 272–280
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Panayotopoulos, Dimitris
Cited By
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Inflationary Finance and the Demand for Money in Greece
Tavlas, George S.
Credit and Capital Markets – Kredit und Kapital, Vol. 20 (1987), Iss. 2 P.245
https://doi.org/10.3790/ccm.20.2.245 [Citations: 0]
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Abstract
Inflationary Expectations and the Demand for Money: The Greek Experience “A Comment and Some Different Results” - A Rejoinder
Both writers, B-L and Himarios, have not estimated correctly the demand for M, function. The demand for M, in Greece is highly unstable. Taking as a cut-off point the year 1973, the estimation shows that the parameters of the demand for M, function have undergone significant shift since 1973.