Money does Granger-cause output in the bivariate money-output relation
نویسندگان
چکیده
منابع مشابه
Domestic Money and US Output and Inflation
Recent empirical research found that the strong short-term relationship between monetary aggregates and US real output and inflation, as outlined in the classical study by M. Friedman and Schwartz, mostly disappeared since the early 1980s. In the light of the B. Friedman and Kuttner (1992) information value approach, we reevaluate the vanishing relationship between US monetary aggregates and th...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 1988
ISSN: 0304-3932
DOI: 10.1016/0304-3932(88)90020-7