We model demand for money in the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) and test poolability (a key policy question in view of a planned monetary union) through a new bootstrap test. The results suggest that the welfare cost of inflation is different across GCC countries.
A study in panel cointegration and poolability: Long-run money demand equations for Gulf Cooperation Council countries / S., Basher; S., Fachin; DI IORIO, Francesca. - (2012). (Intervento presentato al convegno 46TH SCIENTIFIC MEETING OF THE ITALIAN STATISTICAL SOCIETY tenutosi a Facoltà di Economia, "La Sapienza" Università di Roma nel June 20, 2012 – June 22, 2012).
A study in panel cointegration and poolability: Long-run money demand equations for Gulf Cooperation Council countries
DI IORIO, FRANCESCA
2012
Abstract
We model demand for money in the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) and test poolability (a key policy question in view of a planned monetary union) through a new bootstrap test. The results suggest that the welfare cost of inflation is different across GCC countries.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
