Rethinking of Keynesian model for money demand in Rwanda..

      Аннотация: The global financial market is changing radically thanks to growth of technology and innovation. The economic actors has entered a new era marked by upheaval, ever-rising expectations and tense policy making experimentation. The decision of the economic agents shift in response of new technology, demographics, urbanization and global economic power. We have encapsulated the changes in the world we live in and their implications into ‘mega-trend’. These mega-trends have effects on traditional money demand function.

Ключевые слова: cointegration, Demand for Money, Monetary Policy, Stability, Vector Error Correction Model, Iimpulse response function