By applying the methods of cointegration and error-correction, this paper investigates the money demand behaviour in …

This paper investigates the issues of stability, predictability and interestsensitivity of both the long and short run … that estimated by Friedman and Schwartz (1982). The stability of long and short-run money demand within and out of the … estimation period is investigated employing a multivariate framework. To test for the existence and the stability of money demand …

procedure for cointegration within the autoregressive distributed lag (ARDL) framework to search for the stability of money … rolling cointegration test to re-investigate the stability of money demand function in Japan. …The main purpose of this study is to re-investigate the stability of Japanese M2 money demand function over the period …

). Our estimation techniques include Johansen cointegration test and the dynamic ordinary least squares (DOLS). We find that … the DOLS procedure is not applicable for our data set. However, our results from Johansen cointegration test reveal that …

investigation into the level and stability of money demand (M1) for Australia and New Zealand over the 1960-2009 period and … series methods provide consistent results with 1984 and 1998 break dates. CUSUM and CUSUMSQ stability tests reveal that M1 … demand functions were unstable over the 1984 to 1998 period for both countries although tests for stability are not rejected …

This paper presents an empirical investigation into the level and stability of money demand (M1) in Nigeria between …

This paper presents an empirical investigation into the level and stability of money demand (M1) in Nigeria between …

countries. By applying panel cointegration tests, the empirical results reveal strong evidence of cointegration between the …

countries. By applying panel cointegration tests, the empirical results reveal strong evidence of cointegration between the …