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In this paper, we estimate a money demand function for a panel of five South Asian countries. We find that the money demand and its determinants, namely real income, real exchange rate and short-term domestic and foreign interest rates are cointegrated both for individual countries as well as...
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In this paper, using the cash-in-advance model, we estimate Indonesia's money demand function for the period 1970-2005. We find the real M1 and real M2 are cointegrated with their determinants, namely real income, real exchange rate and short-term domestic and foreign interest rates. The...
Persistent link: https://www.econbiz.de/10013105456
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In this paper, we estimate Fiji's money demand function for the period 1971- 2002 based on the bounds testing approach to cointegration, which is applicable irrespective of whether or not the underlying variables are non-stationary. We estimate models with and without a time trend and for lag...
Persistent link: https://www.econbiz.de/10013105050
In this paper we study the relationship between output and inflation for India, Brazil, and South Africa using the … EGARCH model. For India and South Africa, we find evidence for: (1) the Cukierman and Meltzer hypothesis that inflation … volatility raises inflation; (2) the Friedman hypothesis that inflation raises inflation volatility; and (3) the Black hypothesis …
Persistent link: https://www.econbiz.de/10013066153
In this paper we study the relationship between output and inflation for India, Brazil, and South Africa using the … EGARCH model. For India and South Africa, we find evidence for: (1) the Cukierman and Meltzer hypothesis that inflation … volatility raises inflation; (2) the Friedman hypothesis that inflation raises inflation volatility; and (3) the Black hypothesis …
Persistent link: https://www.econbiz.de/10009274392
In this paper we study the relationship between output and inflation for India, South Africa and Brazil, using the … EGARCH model. For India and South Africa, we find evidence of: (1) the Cukierman and Meltzer hypothesis that inflation … volatility raises inflation; (2) the Friedman hypothesis that inflation raises inflation volatility; and (3) the Black hypothesis …
Persistent link: https://www.econbiz.de/10010616907
Persistent link: https://www.econbiz.de/10009725167