In this paper, the dynamic determinants of money demand function and the long-run and short-run relationships between … estimate a dynamic specification of a log money demand function based on Keynesian liquidity preference theory to ascertain the … demand are co-integrated, i.e., they converge to a long run equilibrium point, and money demand function in Turkey. …

answer this question, a way that focuses on the stability of the money demand function through the test of Cumulative Sum of … important relationship between money and prices either in short term or long term. In addition, by estimating the money demand … function and its long-term stability, the results show that this relationship is not stable in the case of the Tunisian economy. …

The money demand function plays a key role in monetary policy formulation. Pakistan economy witnessed severe monetary … demand functions were estimated and Stability was also tested. The money demand function based on broader Divisia aggregate … (DivM2) was found to be the stable money demand function for Pakistan. The results indicated that the Divisia based money …