Research Discussion Paper – RDP 8701 The Australian Demand Function for Money: Another Look at Stability

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Thanks are due to Peter Jonson, David Lindsey, Warwick McKibbin, Bob Rankin, Rob Trevor, and participants in the Reserve Bank Research Workshop and the Seventh Pacific Basin Central Bank Conference on Economic Modelling, for helpful comments and discussions on earlier versions of this paper. The opinions expressed here are those of the authors, and are not necessarily shared by the above, the Reserve Bank of Australia or its officers. [*]