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Disaggregate Analysis of Broad Money and Outlook of Key Monetary Aggregates

Author

Listed:
  • Asad Jan

    (State Bank of Pakistan)

  • Mansoor Saleem

    (State Bank of Pakistan)

  • Aqeel Ahmad
  • Arshad Riaz

    (State Bank of Pakistan)

Abstract

This study analyzes and projects various components of broad money from liability side using structural and non-structural models. Our analysis suggest that non- structural models of aggregate variables and structural models of component ratios perform better as compared with non-structural models of component ratios in making projections for monetary aggregates.

Suggested Citation

  • Asad Jan & Mansoor Saleem & Aqeel Ahmad & Arshad Riaz, 2013. "Disaggregate Analysis of Broad Money and Outlook of Key Monetary Aggregates," SBP Working Paper Series 58, State Bank of Pakistan, Research Department.
    • Handle: RePEc:sbp:wpaper:58
    as

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    File URL: http://www.sbp.org.pk/repec/sbp/wpaper/wp58.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Monetary aggregates; model evaluation; forecasting;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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