DYNAMIC MODELLING AND THE DEMAND FOR NARROW MONEY IN NORWAY

Gunnar Bårdsen

No 268479, Economic Research Papers from University of Warwick - Department of Economics

Abstract: Useful results on statistical inference and reparameterizations when estimating error correction models are summarized. The suggested approach is tested in a pilot Monte Carlo study and illustrated by estimating a money demand function for Norway. The estimated model forecasts well 21 period ahead in spite of deregulation of credit markets during the forecast period.

Keywords: Financial Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 60
Date: 1990-08-08
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Dynamic Modelling and the Demand for Narrow Money in Norway (1990)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268479

DOI: 10.22004/ag.econ.268479

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