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Hypothesis Testing for Cointegration Vectors: with Application to the Demand for Money in Denmark and Finland
Johansen, Søren; Juselius, Katarina - Økonomisk Institut, Københavns Universitet - 1988
The purpose of this paper is to give a systematic account of the maximum likelihood inference concerning cointegration … vectors in non-stationary vector value autoregressive time series with Gaussian errors. The hypothesis of r cointegration … vectors is given a simple parametric formulation in terms of cointegration vectors and their weights. We then estimate and …
Persistent link: https://www.econbiz.de/10005749557
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Testing for and estimating structural breaks and other nonlinearities in a dynamic monetary sector
Ericsson, Neil R. - In: Studies in nonlinear dynamics and econometrics : SNDE ; … 20 (2016) 4, pp. 377-398
Persistent link: https://www.econbiz.de/10011649116
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The demand for broad money in Norway, 1969-1993
Eitrheim, ûyvind - In: Empirical Economics 23 (1998) 3, pp. 339-354
Cointegration analysis is applied to investigate the long run relationships between money, prices, and wages in Norway …
Persistent link: https://www.econbiz.de/10005382373
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Modelling the Demand for Money in Pakistan
Qayyum, Abdul - Volkswirtschaftliche Fakultät, … - 2005
The study estimates the dynamic demand for money (M2) function in Pakistan by employing cointegration analysis and …
Persistent link: https://www.econbiz.de/10005835602
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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
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Broad Money Demand and Asset Substitution in China
Wu, Ge - International Monetary Fund (IMF) - 2009
Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these...
Persistent link: https://www.econbiz.de/10008528622
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The Dominican Republic; Stabilization, Structural Reform, and Economic Growth
Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002
Persistent link: https://www.econbiz.de/10005590873
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What determines real exchange rates? : the Nordic countries
Bergvall, Anders - 2002
long run movements in the real exchange rate for Denmark and Norway, while demand shocks account for most of the long run … variance in the real exchange rate for Finland and Sweden. …
Persistent link: https://www.econbiz.de/10011587580
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The linear systems approach to linear rational expectations models
Sadoon, Majid M. al- - 2016 - This version November 2016
Persistent link: https://www.econbiz.de/10011590194
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On the causal relationship between trade-openness and government-size: evidence from OECD countries
Molana, Hassan; Montagna, Catia; Violato, Mara - In: International Journal of Public Policy 7 (2011) 4/5/6, pp. 226-249
The compensation hypothesis predicts a positive causation from international economic openness to the size of the public sector, as governments step in to perform a risk mitigating role to counterbalance the increasing exposure to external risk and the economic dislocations caused by growing...
Persistent link: https://www.econbiz.de/10010670287