The Dynamics of Money Demand and Prices

Nopic
The paper evaluates whether a monetary aggregate can serve as a useful predictor of inflation, using recent developments in the principle of cointegrated variables. M2 but not M1 is cointegrated with relevant price, transactions, and rate of return variables. However, deviations of M2 from its long-run equilibrium value do not significantly... READ MORE...

Publication date: August 1990
ISBN 9781451957341
$10.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: August 1990

PDF

Publication date: January 1990

ePub

Publication date: January 1990

Mobi

Publication date: January 1990

English