@inbook{10.7312/bart16628.15,
URL = {http://www.jstor.org/stable/10.7312/bart16628.15},
abstract = {AS WE HAVE PRESENTED Allais’s fundamental equation of monetary dynamics (FEMD) in chapter 5, we have insisted on the fact that this equation is logically independent of Allais’s HRL formulation of the demand for money. Any formulation of the demand for money is indeed liable to be compatible with the fundamental equation of monetary dynamics.Nevertheless, the HRL formulation of the demand for money and the fundamental equation of monetary dynamics complement each other and are in practice interdependent. Through the coefficient of psychological expansionZ, the HRL formulation of the demand for money establishes a link between the sequence},
bookauthor = {Eric Barthalon},
booktitle = {Uncertainty, Expectations, and Financial Instability: Reviving Allais's Lost Theory of Psychological Time},
pages = {113--128},
publisher = {Columbia University Press},
title = {Joint Testing of the HRL Formulation of the Demand for Money and of the Fundamental Equation of Monetary Dynamics},
year = {2014}
}