Estimation of Money Demand Function through Partial Adjustment Model.
The objectives of this study are to find out the relationship between the money demand, real GDP and interest rate and also to find out the long run and short run demand for money using partial adjustment model. The data ranging from 1973- 2013 has been used for estimation and the money demand funct...
| Publicado en: | Journal of Economic & Social Research Vol. 16; no. 1; pp. 79 - 95 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Department of Economics at Fatih University
2014
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The objectives of this study are to find out the relationship between the money demand, real GDP and interest rate and also to find out the long run and short run demand for money using partial adjustment model. The data ranging from 1973- 2013 has been used for estimation and the money demand function and has been estimated through partial adjustment model. It is concluded that the study observed a positive relationship between real GDP and money demand both in the short and long run and negative relationship between interest rate and money demand both in the short and long run. |
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