Demand for money in Macedonia

Estimation Of The Demand For Money In Iran

Money demand in Euroland

This paper explores the determinants of alternative monetary aggregates in Euroland. A sample consisting of quarterly data covering the 1980:1–1998:4 period is considered. We are interested whether a conventionally defined money demand equation is stable in some aggregates as opposed to others. Both long-run and short-run relationships are considered in this paper. Overall, the results indicate...

The Demand for Money in China*

This paper discusses the money demand function in China. We use Cointegration technique and Error Correction Model to estimate the long-run and short -run money demand function. We find that M2 aggregate appears to be cointegrated with price level and income. We also specified a satisfying error correction model for M2.

The Demand for Money in Austria

In this paper, the demand for real money M1, M2 and M3 is estimated for Austria. The modelling takes place within the framework of a small vector autoregression. To estimate the demand for money, two-equation error-correction models are constructed, which contain the short-run dynamics and the long-run economic equilibrium. It is found that a stable money demand exists for all monetary aggregat...

The Stability of Demand for Money and its Dynamic Aspects in Iran