Inside Money, Output, and Causality
نویسندگان
چکیده
منابع مشابه
A note on the power of money-output causality testsy
The role of money and its effects on national output have generated a voluminous amount of literature (Blanchard, 1990; Lucas, 1996; Sargent, 1996). Since Friedman and Schwartz (1963) rekindled the research on the effects of money on aggregate output, numerous studies have aimed to characterize and establish the interactions between money and output. Theoretical models are constructed to show t...
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The paper identifies monetary economic features of the post-transition Croatian economy, with a view towards using inflation rate targeting to reach European Union (EU) inflation targets as required by EU accession. If focuses on the demand for real money balances, the Fisher equation of interest rates, and the effect of nominal money on output, for Croatia over the 1994-2002 period. The real m...
متن کاملSurvey of Money- Output Causality: Case Study of Iran, Based on Vector Error Correction Model (VECM)
This study investigated the dynamic relationship between money, prices and output in a multivariate structure of casualty analysis in Iran for the two period of 1969 to 2012 (entire period) and 1989 to 2012 (sub-period). This statistical framework has been projected for situations where causal links may have changed over the sample period. Results of a three-variable Vector Error Correction Mod...
متن کاملMoney and Output: Correlation or Causality? - Economic Review, Third Quarter 1992 - FRB Dallas
At the center of monetary economics is a puzzling observation: innovations (unexpected surges) in the nation's total supply of money are historically correlated with innovations in real output Standard monetary economics can easily explain why an increase in the number of dollars will increase the prices of goods and thus nominal output, the dollar value of the economy's production. But why sho...
متن کاملsurvey of money- output causality: case study of iran, based on vector error correction model (vecm)
this study investigated the dynamic relationship between money, prices and output in a multivariate structure of casualty analysis in iran for the two period of 1969 to 2012 (entire period) and 1989 to 2012 (sub-period). this statistical framework has been projected for situations where causal links may have changed over the sample period. results of a three-variable vector error correction mod...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 1991
ISSN: 0020-6598
DOI: 10.2307/2527112