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首页> 外文期刊>Global Economy Journal >ECONOMIC UNCERTAINTY, MONETARY UNCERTAINTY, AND THE DEMAND FOR MONEY IN AFRICA: AN ASYMMETRY ANALYSIS
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ECONOMIC UNCERTAINTY, MONETARY UNCERTAINTY, AND THE DEMAND FOR MONEY IN AFRICA: AN ASYMMETRY ANALYSIS

机译:经济的不确定性,货币的不确定性,以及非洲的货币需求:一个不对称分析

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摘要

Economic uncertainty and monetary uncertainty are two uncertainty measures that are said o to affect the demand for money in any country and our region of interest, Africa, is no exception. In this paper, we take an additional step and argue that changes in any uncertainty measure could have asymmetric effects on the money demand. After applying the linear and nonlinear ARDL approaches to each of the 13 African nations, while we find the short-run effects of both uncertainty measures to be asymmetric, long-run asymmetric effects were discovered in limited number of countries. We also discovered that monetary volatility has more long-run effects than output volatility which implies that a steady and not so erratic money growth will have its predictive impact on the African economies.
机译:经济的不确定性和货币的不确定性两个不确定性措施o说在任何国家,影响货币需求我们感兴趣的地区,非洲,也不例外。在本文中,我们采取额外的步骤,认为任何不确定性测量的变化可能不对称影响钱吗需求。ARDL 13个非洲的每一个方法国家,而我们发现的短期影响这两个不确定性措施是不对称的,长期不对称的效果被发现有限数量的国家。货币的波动更长期这意味着效果比产量波动稳定和不稳定的货币增长将并非如此其预测对非洲的影响吗经济体。

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