というNBER論文をロバート・ルーカスらが書いている。原題は「International Evidence on Long Run Money Demand」で、著者はLuca Benati(ベルン大)、Robert E. Lucas, Jr.(シカゴ大)、Juan Pablo Nicolini(ミネアポリス連銀)、Warren Weber(アトランタ連銀)。 以下はその要旨。 We explore the long-run demand for M1 based on a dataset comprising 31 countries since 1851. In many cases cointegration tests identify a long-run equilibrium relationship between either velocity and the short
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