Error Correction Model of the Demand for Money in Pakistan
The Kashmir Eonomic Review, Vol. 6, Nos. 1&2, 1994-1998
13 Pages Posted: 19 Mar 2007
Abstract
The 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.
Keywords: Error Correction, Cointegration, Unit root, money demand, Pakistan
Suggested Citation: Suggested Citation
Qayyum, Abdul, Error Correction Model of the Demand for Money in Pakistan. The Kashmir Eonomic Review, Vol. 6, Nos. 1&2, 1994-1998 , Available at SSRN: https://ssrn.com/abstract=964868
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