Monetary Anticipations and the Demand for Money: An Application for the South Asian Region

Ather Ahmed and Mohammad Rafiq
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Ather Ahmed: Pakistan Institute of Development Economics
Mohammad Rafiq: Pakistan Institute of Development Economics

The Pakistan Development Review, 1987, vol. 26, issue 4, 529-539

Abstract: While there are a number of issues in economics which are frequently scrutinized, the most important of them probably is the determination of a stable money demand function. Other issues in this regard relate to the choice between (i) broad vs narrow definition of money; (ii) measured vs.permanent income; (iii) short-term vs.long-term interest rate; and (iv) inclusion of a variable for inflation or e"'Pected inflation.

Date: 1987
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