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The UK Demand for Money 1963-1989 Econometrics for Economists
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The UK Demand for Money 1963-1989 Econometrics for Economists (2030003) Exam: 57230 Index: Introduction Econometric analysis can be used to help explain the importance of certain factors on a dependent variable. In this project the dependent variable is the "demand for money in the UK between 1963-1989". Although it is very difficult, if not impossible to find perfect econometric models, this project will attempt to explain the relationship between the demand for money and other various explanatory factors. The Economic Theory Money is one of many forms of wealth. A simply economic explanation, using two of the more important forms of wealth, is that people have a choice between holding money and holding bonds. Money is used for everyday transactions and includes currency (coins and notes) and checkable deposits. Bonds will pay an interest rate but cannot be used for transactions, i.e. you cannot buy a cup of coffee with a bond. The interacting relationship between money...
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