Error Correction Model of the Demand for Money in Pakistan

Abdul Qayyum

MPRA Paper from University Library of Munich, Germany

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 (search for similar items in EconPapers)
JEL-codes: E41 (search for similar items in EconPapers)
Date: 1998, Revised 1998
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Citations: View citations in EconPapers (10)

Published in he Kashmir Eonomic Review 1-2.6(1998): pp. 53-65

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:2582

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