Consumer expenditure,the demand for money,and the Hall hypothesis |
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| Authors: | R MacDonald D A Peel |
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| Institution: | 1. Department of Political Economy, University of Aberdeen, Edward Wright Building, Dunbar Street, AB9 2TY, Aberdeen
2. University College of Wales, Aberystwyth
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| Abstract: | Although a considerable amount of work has been conducted on the validity of the Hall hypothesis, as applied to consumer expenditure, there has been negligible empirical work on the Hall hypothesis as applied to the demand for money. In this paper the Hallian hypothesis is applied to consumer expenditure and the demand for money using quarterly data for six countries. |
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