Özet
This paper analyses the money demand relationship with a clear distinction in the functional forms of short- and long-run. It is shown that there is a long-run relationship between money and income, and that money demand declines after a certain level of income is achieved in the short-run. Demand tends to converge to its long-run levels. Credit has a negative but statistically insignificant impact on money demand.
Orijinal dil | İngilizce |
---|---|
Makale numarası | 7500030 |
Dergi | Annals of Financial Economics |
Hacim | 3 |
Basın numarası | 1 |
DOI'lar | |
Yayın durumu | Yayınlandı - 1 Haz 2007 |
Harici olarak yayınlandı | Evet |
Bibliyografik not
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