Error Correction Model of the Demand for Money in Pakistan
AbstractThe 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 2582.
Date of creation: 1998
Date of revision: 1998
Publication status: Published in he Kashmir Eonomic Review 1-2.6(1998): pp. 53-65
Error Correction; Cointegration; Unit root; money demand; Pakistan;
Find related papers by JEL classification:
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
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