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By applying the methods of cointegration and error-correction, this paper investigates the money demand behaviour in …
Persistent link: https://www.econbiz.de/10005168521
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 …
Persistent link: https://www.econbiz.de/10008459623
Traditional microeconomic approaches to money demand issues are considered in the article. The author also discusses current view of monetary theory on concept of “money”. New approach gives reasoning to existence of variety of payment innovations.
Persistent link: https://www.econbiz.de/10010658686
Traditional microeconomic approaches to demand for money problem are considered in the article. It also discusses current view of monetary theory on concept of “money”. New approach gives reasoning to existence of variety of payment innovations. It provides theoretical base for inclusion of...
Persistent link: https://www.econbiz.de/10010658687
Central Bank (ECB). In this contribution we examine the stability of money demand in the euro area by taken the period of the …
Persistent link: https://www.econbiz.de/10008919643
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 …
Persistent link: https://www.econbiz.de/10008567683
cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is …
Persistent link: https://www.econbiz.de/10011128871
The goal of this paper is to examine the long and short-run determinants, and stability of money demand (M1) in the … Republic of Macedonia using monthly data from January 2005 to October 2012. The Johansen cointegration technique and VECM model …
Persistent link: https://www.econbiz.de/10010776393
Cointegration analysis is applied to investigate the long run relationships between money, prices, and wages in Norway …
Persistent link: https://www.econbiz.de/10005382373
This paper investigates the demand for broad money in Venezuela, over a period of financial crisis and substantial exchange rate fluctuations. The analysis shows that there exist a long run relationship between real money, real income, inflation, the exchange rate and the domestic interest rate,...
Persistent link: https://www.econbiz.de/10005424106