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D. L. Hoffman, R. H. Rasche and M. A. Tieslau, “The Stability of the Long-Run Money Demand in Five Industrial Countries,” Journal of Monetary Economics, Vol. 35, No. 2, 1995, pp. 317-339. doi:10.1016/0304-3932(95)01189-U

has been cited by the following article:

• TITLE: A Simultaneous-Equation Model of Money Demand and Money Supply for Canada

  AUTHORS: Yu Hsing, Abul M. M. Jamal

  KEYWORDS: Money Demand; Money Supply; Three-Stage Least Squares

  JOURNAL NAME: Modern Economy, Vol.4 No.1, January 30, 2013

  ABSTRACT: We estimate the money demand function and the money supply function for Canadasimultaneously by the three-stage least squares method. The inflation gap and the output gap are incorporated in the money supply function. Real money demand is positively affected by real GDP and negatively associated with the Treasury bill rate and the nominal effecttive exchange rate. Real money supply is positively influenced by the Treasury bill rate and negatively impacted by the inflation gap and the output gap.