Inoue, Takeshi; Hamori, Shigeyuki - Institute of Developing Economies, Japan External Trade … - 2008
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 real money balances, interest rates, and output. In contrast …