Narrow search
Showing 1 - 10 of 18,730
Cover Image
Evidence on Structural Instability in the Japanese Money Demand Function
Tang, Chor Foon - In: Margin: The Journal of Applied Economic Research 7 (2013) 3, pp. 255-272
procedure is then incorporated into the ARDL cointegration test to investigate the stability of the cointegrating relationship …The main purpose of this study is to re-investigate the long-run Japanese M2 money demand function and its stability … over the period of 1970:Q1 to 2010:Q4. This study uses the bounds testing approach to cointegration within the …
Persistent link: https://www.econbiz.de/10010781155
Cover Image
The stability of money demand function in Japan: Evidence from rolling cointegration approach
Tang, Chor Foon - Volkswirtschaftliche Fakultät, … - 2007
rolling cointegration test to re-investigate the stability of money demand function in Japan. … procedure for cointegration within the autoregressive distributed lag (ARDL) framework to search for the stability of money …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
Cover Image
Money demand stability: Evidence from Spain
Vega, Juan Luis - In: Empirical Economics 23 (1998) 3, pp. 387-400
Using several tests for structural stability in regressions with I(1) variables and for the existence of cointegration …
Persistent link: https://www.econbiz.de/10005382491
Cover Image
The Money Demand Behaviour in Bangladesh, 1973-2003: An Application of the Cointegration and Error-Correction Methods
Hossain, Akhtar - In: Indian Economic Review 41 (2006) July, pp. 55-80
By applying the methods of cointegration and error-correction, this paper investigates the money demand behaviour in …
Persistent link: https://www.econbiz.de/10005168521
Cover Image
The determinants and stability of money demand in the Republic of Macedonia
Kjosevski, Jordan - In: Zbornik radova Ekonomskog fakulteta u … 31 (2013) 1, pp. 35-54
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
Cover Image
On stability of the demand for money in a developing OECD country: the case of Turkey
Halicioglu, Ferda; Ugur, Mehmet - In: Global Business and Economics Review 7 (2005) 2/3, pp. 203-213
This paper empirically analyses the stability of the narrow money demand function (M1) in Turkey for the period 1950â … whether this policy framework satisfies the necessary condition for effectiveness, we estimate and test for the stability of … Turkish M1 by employing a recent single cointegration procedure proposed by Pesaran et al. (2001) along with the CUSUM and …
Persistent link: https://www.econbiz.de/10011130097
Cover Image
Estimating Demand for Money within the European Union Area
Hondroyiannis, George - In: Economia Internazionale / International Economics 53 (2000) 3, pp. 321-337
estimation period is investigated employing a multivariate framework. To test for the existence and the stability of money demand …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 …
Persistent link: https://www.econbiz.de/10008459623
Cover Image
Modeling Demand for Money in Nepal
Ram Sharan Kharel Ph.D.; Tap Prasad Koirala Ph.D. - Nepal Rastra Bank - 2010
In this paper, we estimate money demand functions for Nepal employing Johansen's tri-variate Conintegration method for the period of 1974/75-2009/10. In line with the previous studies, both narrowly defined real money demand ( 1 m ) and broadly defined real money demand ( 2 m ) are found to be a...
Persistent link: https://www.econbiz.de/10010755787
Cover Image
Bayesian Vars; A Survey of the Recent Literature with An Application to the European Monetary System
Ciccarelli, Matteo; Rebucci, Alessandro - International Monetary Fund (IMF) - 2003
This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs …). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman … issues in forecasting and structural analysis. An application to the estimation of a system of time-varying reaction …
Persistent link: https://www.econbiz.de/10005825693
Cover Image
Money Demand in Guyana
Egoumé-Bossogo, Philippe - International Monetary Fund (IMF) - 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/10005825837