Research Discussion Paper – RDP 9314 The Demand for Money in Australia: New Tests on an Old Topic

Contents

• Introduction
• The State of Play
• The Data and Their Order of Integration
• Cointegration
• Conclusion
• Appendix 1: Data
• Appendix 2: Test Procedures
• References

The views expressed herein are those of the authors and do not necessarily reflect those of the Reserve Bank of Australia. The authors express their thanks to Glenn Stevens and Alex Heath of the Reserve Bank, and to Lance Fisher of the University of New South Wales and Guay C. Lim of the University of Melbourne for helpful comments.