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Dynamic Modelling and the Demand for Narrow Money in Norway

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  • Bardsen, G.

Abstract

Useful results on statistical inference and reparameterizations when estimating error correction models are summarized. The suggested approach is tested in a pilot Monte Carlo study and illustrated by estimating a money demand function for Norway. The estimated model forecasts well 21 period ahead in spite of deregulation of credit markets during the forecast period.
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Suggested Citation

  • Bardsen, G., 1990. "Dynamic Modelling and the Demand for Narrow Money in Norway," Papers 07-90, Norwegian School of Economics and Business Administration-.
    • Handle: RePEc:fth:norgee:07-90
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