Household Money Demand in Romania. Evidence from Cointegrated VAR
Household Money Demand in Romania. Evidence from Cointegrated VAR
Author(s): Gheorghe Ruxanda, Andreea MuraruSubject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: cointegrated VAR; households’ money demand; SUR
Summary/Abstract: By the means of cointegrated VAR we investigated the money demand behaviour of households. Using the traditional determinants and adding variables specific for the sector we succeeded to obtain a relevant description of what influences individuals’ money holdings, gradually increasing the number of variables but also restricting on the irrelevant ones.
Journal: Technological and Economic Development of Economy
- Issue Year: 2011
- Issue No: 2
- Page Range: 382-396
- Page Count: 15
- Language: English
