Politická ekonomie 2001, 49(5) | DOI: 10.18267/j.polek.331
Vliv vybraných faktorů na vývoj poptávky po penězích v letech 1994 - 2000
Selected factors influencing the money demand development in 1994 - 2000
The paper is focused on selected factors influencing the money demand development in the Czech Republic from 1994 to 2000. The basic theoretical approaches to the money demand issue and the theoretical background of the analysis are described. The multi- and singl-equational models as a basis for cointegration analysis are used. As the main theoretical basis the Ph. Arestis'es model, adjusted for conditions of the Czech Republic, is used. It is confirmed a premise that the money demand development is in the long-run relationship with the GDP growth and interest rates development. This conclusion is valid for balances both in real and nominal money. It is discovered the impact of the interest rates development into the structure of the money demand.
Keywords: money demand, cointegration, econometric model, time series
Published: October 1, 2001 Show citation
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