00000nam##2200000za#4500 9.615243 CaOODSP 20211126112847 ta 150406|2000||||xxc||||| f|0| 0 eng|d 0-662-29133-6 1192-5434 CaOODSP eng n-cn--- FB3-2/100-13E Bank of Canada. Fractional cointegration and the demand for M1 / by Greg Tkacz. Ottawa - Ontario : Bank of Canada 2000. v, 23p. : figs., references, tables ; 28 cm. Working paper 1192-5434 2000-13 "This paper extends the long-run analysis of money demand into the sphere of fractional cointegration. This extension is motivated by the fact that traditional methods of cointegration analysis yield relationships that are not as stationary as they are believed to be. Our results demonstrate that money gaps arising from simple money-demand systems are at best fractionally integrated, and at worst random walks."--Conclusion. This paper extends the long-run analysis of money demand into the sphere of fractional cointegration. This extension is motivated by the fact that traditional methods of cointegration analysis yield relationships that are not as stationary as they are believed to be. Our results demonstrate that money gaps arising from simple money-demand systems are at best fractionally integrated, and at worst random walks.--Conclusion Résumé en français Softcover 00-32 2000-08-11 Interest rates gcpds Demand gcpds Currency gcpds Tkacz, Greg Fractional cointegration and the demand for M1 / (CaOODSP)9.571555 Working paper, 1192-5434 2000-13 (CaOODSP)9.514622