case of Ghana using the autoregressive distributed lag modelling framework. The data for the study spanned from January …

-run money demand for Ghana. The results provide strong evidence for the presence of a stable, well-identified long-run money …

policy framework in Ghana. Both Bai-Perron (2003) structural stability and Quandt-Andrews unknown break tests were applied to … ascertain possible structural breaks in Ghana's money demand function, while impulse responses and variance decomposition … exchange rate. Our empirical results showed evidence of an unstable money demand function for Ghana over the sample period …

for characterizing the MD function under a fixed ER regime by applying cointegration and equilibrium correction modeling …