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    Demand for money in Zimbabwe: 2009 - 2013

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    Tuluzawu_demand_for_money_in_Zimbawe.pdf (293.9Kb)
    Date
    2016
    Author
    Tuluzawu, Patrick T.
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    Abstract
    This study estimates both narrow and broad money demand in Zimbabwe for the period 2009 to 2013. The money demand function is an important tool for macroeconomic policy analysis, especially monetary policy as it provides the relationship between money demand and macroeconomic variables. The study finds that income, interest rate and inflation are significant variables in the money demand function. The study uses the Augmented Dickey Fuller test to confirm the long-run cointegration and the Johansen approach for the error correction model. Stability tests conducted show that the narrow money demand function is stable while the broad money demand function is not stable.
    URI
    http://hdl.handle.net/10646/3147
    Additional Citation Information
    Tuluzawu, P. T. (2014). Demand for money in Zimbabwe: 2009 - 2013 (Unpublished master's thesis). University of Zimbabwe.
    Sponsor
    Zimbabwe Economic Policy Analysis and Research Unit and SERA
    Subject
    Liquidity
    Demand for money
    Money supply
    Money
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    • Faculty of Social and Behavioral Sciences e-Theses Collection [342]

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