PL EN


2005 | 4 | 449-481
Article title

An Econometric Model of Prices and Money Demand in Poland: Medium Term Perspective 1995-2003

Authors
Title variants
Languages of publication
PL
Abstracts
EN
The analysis is based on the direct relation of price level to money aggregates and to the index of economic activity (within the boundaries stipulated by model P*). The money market equilibrium is secured thanks to the standard demand for money function. Model specification was extended to include unemployment gap and oil prices. Despite this extension estimation results reveal the stationarity of stochastic components and yield strong support for the hypothesis of a mixed character of factors that affect prices. Empirical evidence was also found to expect a stable dependence between money demand and foreign direct investment.
Year
Issue
4
Pages
449-481
Physical description
Document type
ARTICLE
Contributors
author
  • R. Kelm, Uniwersytet Lódzki, Katedra Modeli i Prognoz Ekonometrycznych, ul. Rewolucji 1905r. 41, 90-214 Lódz, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06PLAAAA00641597
YADDA identifier
bwmeta1.element.02fe98cd-30ad-33ad-b176-07b847343dbc
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