Error Correction Model of the Demand for Money in Pakistan

The paper estimated dynamic demand for money (Currency) function for Pakistan. it is concluded that in the long run money demand depends on income, rate of inflation and bond rate. The rate of Inflation and rate of interst on deposits emerged as important determinant of money demand in the short run. Moreover dynamic model remans stable througtout the study period.

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Year of publication:	1998
Authors:	Qayyum, Abdul
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Error Correction \| Cointegration \| Unit root \| money demand \| Pakistan

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in he Kashmir Eonomic Review 1-2.6(1998): pp. 53-65
Classification:	E41 - Demand for Money
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005260334