Empirical Verification of Money Demand Models : Non-linear Cointegration Analysis

• Autorzy: Joanna Bruzda
• Języki publikacji: EN

Abstrakty

EN

The aim of the paper is an empirical verification of real money demand relationships in Polish economy with the help of a parametric approach to the non-linear cointegration analysis. This research was supplemented with the examination of non-linear cointegration with the help of a method, which does not require a parametric or non-parametric estimation of a long term equation, as well as the tests for Bierens' (2000) non-linear cotrending. The rest of the paper is structured as follows: In section 2 the underlying macroeconomic relationships are derived and in section 3 some methodological issues are presented. Section 4 includes all empirical result, while section 5 shortly concludes.(fragment of text)

Słowa kluczowe

EN

Money demand; Econometric models; Nonlinear models; Cointegration

PL

Popyt na pieniądze; Modele ekonometryczne; Modele nieliniowe; Kointegracja

• Czasopismo: Dynamic Econometric Models
• Rocznik: 2006
• Tom: 7
• Strony: 113--123

Twórcy

autor

Joanna Bruzda

• Nicolaus Copernicus University in Toruń, Poland

Bibliografia

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