de Grauwe, Paul; Grimaldi, Marianna - In: International Journal of Finance & Economics 6 (2001) 4, pp. 289-313
In this paper we analyse the long-run proportionality and neutrality propositions between inflation and money growth and between exchange rate changes and money growth. Using a sample of 100 countries over a thirty-year period we find that the evidence in favour of these propositions is weak for...