@article{TheDynamicDemandforMoneyinGermany:681, recid = {681}, author = {Amano, Robert and Wirjanto, Tony S.}, title = {The Dynamic Demand for Money in Germany, Japan and the United Kingdom}, publisher = {Bank of Canada}, address = {1993}, pages = {1 online resource (v, 29 pages)}, abstract = {This paper examines the ability of the linear-quadratic model under rational expectations to explain the dynamic behaviour of broad money aggregates in Germany, Japan and the United Kingdom. In contrast with other previous studies, we estimate the structural parameters by means of the Euler equation, using a limited-information approach that does not require an explicit solution for the model’s control variables in terms of the exogenous forcing variables. The empirical results from Japanese and U.K. data provide support for the model, whereas the results from German data do not.}, url = {http://www.oar-rao.bank-banque-canada.ca/record/681}, doi = {https://doi.org/10.34989/swp-1993-10}, }