Singh, Prakash; Pandey, Manoj K. - Volkswirtschaftliche Fakultät, … - 2009
This paper attempts to take a meticulous look on stability of money demand in India Using annual data for period 1953 …-2007 and the Hansen (1992) and Gregory Hansen (1996) co-integration approaches with structural break. Results of the Gregory … Hansen (1996) cointegration analysis show the presence of cointegration in demand for money, real GDP and nominal interest …