Econometric analysis on the demand for Money in Paraguay
Econometric analysis on the demand for Money in Paraguay
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DOI: https://doi.org/10.22533/at.ed.21641524030710
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Palavras-chave: Política Monetaria, Demanda de dinero, Series de tiempo, ARDL.
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Keywords: Monetary Policy, Demand for money, Time series, ARDL.
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Abstract:
The main objective of the research is to identify the factors that affect the demand for money in Paraguay and their possible quantitative implications, based on a longitudinal and correlational study, which has found the relationships for the demand for money (M1) and its determinants. such as the Interest Rate, Inflation and the Exchange Rate E, through the development of the ARDL econometric model taking as a sample the monthly series from January 2014 to October 2023, for which M1 is negatively related to all the variables of study, while the model has managed to demonstrate the existence of a long-term relationship between the variables.
- Tania Giselle Stollmaier Huber