Asghar, Zahid; Jahandad, Nighat - In: Economics Bulletin 30 (2010) 3, pp. 2515-2523
We investigate the causal relationship between money, income and price for Pakistan using quarterly data from 1971-2003. We find that both money supply and prices cause income thus verifying the monetarists' point of view. Taking account of time series properties the methodology applies recent...