The Servey of Liquidity Demand in Iran’s Economy

Daneshvar Kakhki, Mahmood; Dehghanian, Siavash; Firooz Zarea, Ali

Document Type : Research Paper

Authors

Abstract

Estimating liquidity demand function considered as an instrument of designing effective policies on money balance. Based on different lookouts, economists represent different models. By using Iran´s time series data of 1974-2001, this study have estimated long-run relationship of money demand; moreover, this have tried to investigate effects of short-run shocks on money demand. Results depicted that income, oil incomes, exchange rate and interest rate influence on money demand in short-run; furthermore, there is a long-run relationship between these variables and money demand. Also, on condition that a shock comes to across to money demand, only twenty six percent of this shock will be adjusted.

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Economics Research

The Servey of Liquidity Demand in Iran’s Economy

References

References

Volume 9, Issue 32 - Serial Number 1
April 2009
Pages 147-166

The Servey of Liquidity Demand in Iran’s Economy

References

References

Volume 9, Issue 32 - Serial Number 1April 2009Pages 147-166

Volume 9, Issue 32 - Serial Number 1
April 2009
Pages 147-166