Estimates of demand for money and consumption functions for the household sector in Poland, 1967-1999
The paper analyses household money demand and consumption. Variables that measure shortage and expectations about its future course are introduced to capture the effects of the transition from centrally planned to market economy. The Johansen procedure is used to identify a system of the two cointeg...
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| Format: | Working paper |
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University of Oxford
2000
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| _version_ | 1826284381186031616 |
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| author | Chawluk, A |
| author_facet | Chawluk, A |
| author_sort | Chawluk, A |
| collection | OXFORD |
| description | The paper analyses household money demand and consumption. Variables that measure shortage and expectations about its future course are introduced to capture the effects of the transition from centrally planned to market economy. The Johansen procedure is used to identify a system of the two cointegrating vectors. The Chow tests support stability in the error correction equations. The reported results show that disequilibrium in household sector money holdings has a strong influence on consumption. |
| first_indexed | 2024-03-07T01:12:59Z |
| format | Working paper |
| id | oxford-uuid:8daa65d7-49df-427a-8889-caace90bc64d |
| institution | University of Oxford |
| last_indexed | 2024-03-07T01:12:59Z |
| publishDate | 2000 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:8daa65d7-49df-427a-8889-caace90bc64d2022-03-26T22:52:41ZEstimates of demand for money and consumption functions for the household sector in Poland, 1967-1999Working paperhttp://purl.org/coar/resource_type/c_8042uuid:8daa65d7-49df-427a-8889-caace90bc64dBulk import via SwordSymplectic ElementsUniversity of Oxford2000Chawluk, AThe paper analyses household money demand and consumption. Variables that measure shortage and expectations about its future course are introduced to capture the effects of the transition from centrally planned to market economy. The Johansen procedure is used to identify a system of the two cointegrating vectors. The Chow tests support stability in the error correction equations. The reported results show that disequilibrium in household sector money holdings has a strong influence on consumption. |
| spellingShingle | Chawluk, A Estimates of demand for money and consumption functions for the household sector in Poland, 1967-1999 |
| title | Estimates of demand for money and consumption functions for the household sector in Poland, 1967-1999 |
| title_full | Estimates of demand for money and consumption functions for the household sector in Poland, 1967-1999 |
| title_fullStr | Estimates of demand for money and consumption functions for the household sector in Poland, 1967-1999 |
| title_full_unstemmed | Estimates of demand for money and consumption functions for the household sector in Poland, 1967-1999 |
| title_short | Estimates of demand for money and consumption functions for the household sector in Poland, 1967-1999 |
| title_sort | estimates of demand for money and consumption functions for the household sector in poland 1967 1999 |
| work_keys_str_mv | AT chawluka estimatesofdemandformoneyandconsumptionfunctionsforthehouseholdsectorinpoland19671999 |