3
Assistant Professor in Economics, Mazandaran University
Abstract
Demand for money is an important part of the macroeconomic models and the monetary policy. In this paper, we estimate the Iranian demand for money for the period 1958-2003 using the Autoregressive Distributed Lag (ARDL) method.
The results show that the real money balance, gross domestic product, inflation, foreign exchange rate, and government budget deficit have been co-integrated with each other. We also use the error correction model for short-run dynamic analysis. The result shows the speed of adjustment toward the long-run balance is slow.
Sadeghzadeh Yazdi,A , Jafari Samimi,A and Elmi,Z . (2007). Estimating Demand for Money in Iran Using Autoregressive Distributed Lag Method. Iranian Journal of Economic Research, 8(29), 1-15.
MLA
Sadeghzadeh Yazdi,A , , Jafari Samimi,A , and Elmi,Z . "Estimating Demand for Money in Iran Using Autoregressive Distributed Lag Method", Iranian Journal of Economic Research, 8, 29, 2007, 1-15.
HARVARD
Sadeghzadeh Yazdi A, Jafari Samimi A, Elmi Z. (2007). 'Estimating Demand for Money in Iran Using Autoregressive Distributed Lag Method', Iranian Journal of Economic Research, 8(29), pp. 1-15.
CHICAGO
A Sadeghzadeh Yazdi, A Jafari Samimi and Z Elmi, "Estimating Demand for Money in Iran Using Autoregressive Distributed Lag Method," Iranian Journal of Economic Research, 8 29 (2007): 1-15,
VANCOUVER
Sadeghzadeh Yazdi A, Jafari Samimi A, Elmi Z. Estimating Demand for Money in Iran Using Autoregressive Distributed Lag Method. Iranian Journal of Economic Research. 2007;8(29):1-15 (In Persian).
