4. Run the same regression as in the last question for the 1970s and a second regression for the 1980s. (Leave the 'labels' box blank. Do not check that box for these regressions. If you do, excel will use the first observation in the data as the label and you will actually see it listed under 'coefficient.' Remember the first X variable coefficient is for income and the second one is for the interest rate.)

How do the coefficients match up across the two equations? Can you test whether they are the same or not? Did the money demand function shift after financial deregulation in 1981-82?

Estimate the same function using data from 1990 to 2007. Compare the coefficients to the earlier results.

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