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 …

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

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 …

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 …

). 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 …

This paper explores the stability of the demand for narrow money in the Pacific Island Countries viz, Fiji, Vanuatu … cointegrated. The CUSUM and CUSUMSQ stability test results indicate that the demand for money functions for these countries are …