Rao, Bhaskara B. and Kumar, Saten (2006) Structural breaks and the demand for money in Fiji. Pacific Economic Bulletin, 22 (2). pp. 53-62. ISSN 0817-8038
Full text not available from this repository.Abstract
This paper fills a gap in the empirical work on the demand for money for Fiji. We allowed for structural breaks in the cointegrating equation, within the Gregory and Hansen framework, and found that there is a cointegrating relationship between real narrow money, real income and the nominal rate of interest in all the three types of their models. However, only the model with an intercept shift for the 1987 political coup yields a meaningful cointegrating relationship. We tested for its temporal stability and found that the demand for money in Fiji is stable.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economics (FBE) > School of Economics |
| Depositing User: | Ms Neha Harakh |
| Date Deposited: | 29 Mar 2006 06:40 |
| Last Modified: | 17 Jul 2012 08:07 |
| URI: | https://repository.usp.ac.fj/id/eprint/4335 |
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