Working paper
Estimates of demand for money and consumption functions for the household sector in Poland, 1967-1999
- Abstract:
- The paper analyses household money demand and consumption. Variables that measure shortage and expectations about its future course are introduced to capture the effects of the transition from centrally planned to market economy. The Johansen procedure is used to identify a system of the two cointegrating vectors. The Chow tests support stability in the error correction equations. The reported results show that disequilibrium in household sector money holdings has a strong influence on consumption.
- Publication status:
- Published
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(Preview, Version of record, pdf, 80.3KB, Terms of use)
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Authors
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2000-12-01
- Paper number:
- 42
- Keywords:
- Pubs id:
-
1144359
- Local pid:
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pubs:1144359
- Deposit date:
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2020-12-15
- ARK identifier:
Terms of use
- Copyright date:
- 2000
- Rights statement:
- Copyright 2000 The Author(s)
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