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Dynamic Modelling And The Demand For Narrow Money In Norway

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  • BARDSEN, G.

Abstract

Useful results on statistical inference and reparameterizations when estimating error correction models are summarized. The suggested approach is tested in a pilot Monte Carlo study and illustrated by estimating a money demand function for Norway. The estimated model forecasts well 21 period ahead in spite of deregulation of credit markets during the forecast period.
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Suggested Citation

  • Bardsen, G., 1990. "Dynamic Modelling And The Demand For Narrow Money In Norway," The Warwick Economics Research Paper Series (TWERPS) 359, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:359
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