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

• Authors: Kelm R.
• 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.

Keywords

EN

MONEY DEMAND; MONEY MARKET EQUILIBRIUM; PRICE AFFECTING FACTORS; PRICE LEVEL

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2005
• Issue: 4
• Pages: 449-481
• Document type: ARTICLE

Contributors

author

Kelm R.

• R. Kelm, Uniwersytet Lódzki, Katedra Modeli i Prognoz Ekonometrycznych, ul. Rewolucji 1905r. 41, 90-214 Lódz, Poland

Identifiers

CEJSH db identifier

06PLAAAA00641597