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Survey of Literatureon Demand for Money : Theoretical and Empirical Work with Special Reference to Error-Correction Models
Sriram, Subramanian S. - 1999
money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration …
Persistent link: https://www.econbiz.de/10014400418
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A Dynamic Model of Inflation for Kenya, 1974-1996
Ndung'u, Njuguna S. - 1999
This paper analyses the dynamics of inflation in Kenya during 1974–96, a period characterized by external shocks and internal disequilibria. By developing a parsimonious and empirically constant error correction model the paper finds that the exchange rate, foreign prices, and terms of trade...
Persistent link: https://www.econbiz.de/10014401118
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A Cointegration Analysis of Broad Money Demand in Cameroon
Nachega, Jean-Claude - 2001
This paper applies cointegration analysis and error-correction modeling to investigate the behavior of broad money …
Persistent link: https://www.econbiz.de/10014403616
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On the Stability of Money Demand in Ghana : A Bounds Testing Approach
Kovanen, Arto - 2011
This paper adopts the bounds testing procedure developed by Pesaran et al. (2001) to test the stability of the long-run money demand for Ghana. The results provide strong evidence for the presence of a stable, well-identified long-run money demand during a period of substantial changes in the...
Persistent link: https://www.econbiz.de/10014397496
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Demand for M2 in an Emerging-Market Economy : An Error-Correction Model for Malaysia
Sriram, Subramanian S. - 1999
-economy framework. Based on the cointegration and weak-exogeneity test results, short-run dynamic error-correction models are specified …
Persistent link: https://www.econbiz.de/10014399799
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Money Demand in Guyana
Egoumé-Bossogo, Philippe - 2000
This paper analyzes broad money demand (M2) in Guyana from January 1990 to September 1999; a period marked by deep transformations aimed at shifting Guyana from a centralized to a market economy. The paper develops a stable error-correction model based on a long-run cointegrating vector of money...
Persistent link: https://www.econbiz.de/10014399832
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Broad Money Demand and Monetary Policy in Tunisia
Treichel, Volker - 1997
The development of empirical foundations to the conduct of monetary policy in Tunisia is the central concern of this paper. Finding stable money demand functions, it broadly corroborates the choice of monetary aggregates as intermediate targets of monetary policy by the Tunisian Central Bank. It...
Persistent link: https://www.econbiz.de/10014403786
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Broad Money Demand and Asset Substitution in China
Wu, Ge - 2009
Recent changes to China''s financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these...
Persistent link: https://www.econbiz.de/10014401760
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Spillovers in the Nordic Countries
Mircheva, Borislava - 2015
Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no independent … monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We infer …
Persistent link: https://www.econbiz.de/10014412044
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Spillovers to and from the Nordic Economies : A Macroeconometric Model Based Analysis
Vitek, Francis - 2013
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...
Persistent link: https://www.econbiz.de/10014394533