Occasional Papers

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This paper presents an empirical analysis of money demand in Uganda between January 1986 and April 2003. Two definitions of money were used and tests for the co-integration between the monetary aggregates and real money balances were carried out.

This study covers a period of far-reaching economic reform policies and programs in Uganda.

The Ugandan economy recorded remarkable growth over the period 1986/7 to 2004/5. However, more recent macro economic data presents mixed data regarding the performance of the economy.

Since the early 1990s, Uganda's development agenda has been driven by the need to eradicate mass poverty.

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