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POST STABILIZATION ESTIMATES OF MONEY DEMAND IN CROATIA: ERROR CORRECTION MODEL USING THE BOUNDS TESTING APPROACH

James E. Payne


Puni tekst: engleski pdf 327 Kb

str. 39-53

preuzimanja: 914

citiraj


Sažetak

The paper estimates an error correction model of money demand for Croatia over the post-stabilization period based on the ARDL bounds testing procedure. While industrial production is statistically insignificant for both the M1 and M1A money demand specifications, interest rates, inflation, and the statistically significant impact. The error correction money demand models appear structurally stable based on the cumulative sum and cumulative sum of squares test.

Ključne riječi

Hrčak ID:

18612

URI

https://hrcak.srce.hr/18612

Datum izdavanja:

15.1.2003.

Podaci na drugim jezicima: hrvatski

Posjeta: 1.995 *