A RE-EXAMINATION OF THE DEMAND FOR MONEY IN FIJI
ABSTRACT The demand for money is at the heart of how policy should be conducted effectively. Money demand serves as a conduit in the transmission mechanism for monetary policy so the stability of the money demand function is critical if monetary policy is to have predictable effects on inflation and real output. In most developed and developing countries, policymakers have frequently questioned whether the demand for money is stable. Generally, ...
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