A REEXAMINATION OF THE STABILITY OF THE DEMAND FOR MONEY IN PAKISTAN

被引：13

作者：

AHMAD, M ^{[1
]}

KHAN, AH ^{[1
]}

机构：

[1] PAKISTAN INST DEV ECON, ISLAMABAD, PAKISTAN

来源：

JOURNAL OF MACROECONOMICS | 1990年 / 12卷 / 02期

关键词：

D O I：

10.1016/0164-0704(90)90035-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the stability of the demand for money function in Pakistan (1959-1960 to 1986-1987) using a fairly robust econometric technique which permits parameters to vary over time. The results show that the money demand function was stable with both M1 and M2 definitions of money for the period 1959-1960 to 1980-1981 and became unstable thereafter. It is also found that multiple interest rates are preferred explanatory variables and lend stability to the demand for money function (especially M1). © 1990.

引用

页码：307 / 321

页数：15

共 17 条

[1]

ABE S, 1975, PAKISTAN DEV REV, V14, P249

[2]

Akhtar M.A., 1974, PAKISTAN DEV REV, V13, DOI [10.30541/v13i1pp.40-54, DOI 10.30541/V13I1PP.40-54]

[3] ESTIMATION IN PRESENCE OF STOCHASTIC PARAMETER VARIATION [J].