Inoue, Takeshi; Hamori, Shigeyuki - In: Economics Bulletin 29 (2009) 2, pp. 1224-1245
This paper empirically analyzes India's money demand function during the period of 1980 to 2007 using monthly data and the period of 1976 to 2007 using annual data. Cointegration test results indicated that when money supply is represented by M1 and M2, a cointegrating vector is detected among...