تقدير دالة الطلب على النقود في اليمن : منهج التكامل المشترك ARDL

د.عادل قائد  العامري; د.توفيق محمد  عبدالجبار

doi:10.58963/qausrj.v1i20.178

Authors

Dr. Adel Qaid Al-Amiri Taiz University Author
Dr. Tawfiq M. Abduljabbar Taiz University Author

DOI:

https://doi.org/10.58963/qausrj.v1i20.178

Keywords:

Cash balances , Yemeni economy , interest rate

Abstract

In this paper we investigate both the long and short-run relationship between real money balances, real income, inflation rate, foreign interest rate and real effective exchange rate with reference to Yemen over the period 2005:01-2014:11 using ARDL approach which is a newly developed econometric technique. The estimated results indicate that in the long-run real income, inflation rate, interest rate and nominal exchange rate have a significant impact on real money balances in Yemen. The dynamics of real money demand show that the effects interest rate and the exchange rate are much smaller in the short run than long run. The results also reveal that the demand for real money balances in Yemen is stable. The a stable demand for money function is essential for the conduct of effective monetary policy.

Estimating the demand function for money in Yemen

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Author Biographies

Dr. Adel Qaid Al-Amiri, Taiz University

Assistant Professor, Department of Banking and Financial Sciences, College of Administrative Sciences, Taiz University
Dr. Tawfiq M. Abduljabbar, Taiz University

Assistant Professor, Department of Economics, College of Administrative Sciences, Taiz University

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