The data file Money UK contains observations from the United
The data file Money UK contains observations from the United Kingdom on the quantity of money in millions of pounds (Y); income, in millions of pounds (X1); and the local authority interest rate (X1). Estimate the model (Mills 1978)
yt = β0 + β1x1t + β2x2t + γyt-1 + εt
and write a report on your findings.
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