Does India have a stable demand for money function after reforms? A macroeconometric analysis – Asghar OsatiEraghi

читать книгу Does India have a stable demand for money function after reforms? A macroeconometric analysis автора Asghar OsatiEraghi
Оценить:
 (текущая оценка книги: 0 из 5) [0 оценок]
Описание книги:

The present study analyzes the stability of the demand for money function in India over the period 1991:M4–2014:M9 using co-integration and Vector Error Correction Mechanism (VECM ) framework. From analysis, it has been observed that there exists a stable demand for money function in India during the post-reforms period, i. e. a long-run relationship does exist between demand for real balances, national output (Yt ), rate of interest (Rt) and exchange rate (ERt). Two variables Yt and ERt have been observed to be affecting demand for real balances positively, while the observed effect of M2 is negative. Thus, the signs and magnitudes of all three regressors have been observed according to a-priori information without any paradoxical situation.

Информация о книге:

  • Язык книги: русский
  • Издательство: Синергия

Поделиться:

Скачать книгу Does India have a stable demand for money function after reforms? A macroeconometric analysis в fb2, epub, txt (14 форматов) в нашем Интернет-магазине.

Полная версия:

О скачивании, разархивировании, чтении книг можно прочитать здесь.