Estimates of Demand for Money and Consumption Functions for the Household Sector in Poland, 1967-1999

Antoni Chawluk

No 42, Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: The paper analyses household money demand and consumption. Variables that measure shortage and expectations about its future course are introduced to capture the effects of the transition from centrally planned to market economy. The Johansen procedure is used to identify a system of the two cointegrating vectors. The Chow tests support stability in the error correction equations. The reported results show that disequilibrium in household sector money holdings has a strong influence on consumption.

Keywords: money demand; consumption; shortage (search for similar items in EconPapers)
JEL-codes: E21 E41 P36 (search for similar items in EconPapers)
Date: 2000-12-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ora.ox.ac.uk/objects/uuid:8daa65d7-49df-427a-8889-caace90bc64d (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oxf:wpaper:42

Access Statistics for this paper

More papers in Economics Series Working Papers from University of Oxford, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Anne Pouliquen ( this e-mail address is bad, please contact ).