DYNAMIC MODELLING AND THE DEMAND FOR NARROW MONEY IN NORWAY

Useful results on statistical inference and reparameterizations when estimating error correction models are summarized. The suggested approach is tested in a pilot Monte Carlo study and illustrated by estimating a money demand function for Norway. The estimated model forecasts well 21 period ahead in spite of deregulation of credit markets during the forecast period.


Issue Date:
Aug 08 1990
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/268479
Language:
English
Total Pages:
60




 Record created 2018-02-16, last modified 2018-02-16

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)