Search Results - subject:"quantity theory"

The Search for Co-Integrat1on Between Money, Pr1ces and Income: Low Frequency Ev1dence From the Turk1sh Economy

Saatçioglu, Cem; Korap, Levent; Korap, Levent - In: Panoeconomicus 56 (2009) 1, pp. 55-72

In this paper, we aim to test the empirical validity of the QTM relationship for the Turkish economy. Using some contemporaneous time series estimation techniques, our estimation results reveal that stationarity characteristics of the velocities of currency in circulation and the broad money...

Persistent link: https://www.econbiz.de/10008554190

The Gambia; Demand for Broad Money and Implications for Monetary Policy Conduct

Sriram, Subramanian S. - International Monetary Fund (IMF) - 2009

This paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data...

Persistent link: https://www.econbiz.de/10008528631

Long run evidence on money growth and inflation

Benati, Luca - 2009

Persistent link: https://www.econbiz.de/10011605073

Long run evidence on money growth and inflation

Benati, Luca - 2009

, being for long periods of time smaller than one. The unitary gain associated with the quantity theory of money appeared in … quantity theory of money, which would otherwise remain hidden in the data. -- Quantity theory of money ; inflation ; frequency … quantity theory of money appeared in correspondence with the inflationary outbursts associated with World War I and the Great …

Persistent link: https://www.econbiz.de/10003832319

Inflation and monetary regimes

Dwyer, Gerald P. <jun.>; Fisher, Mark - 2009

, quantity theory 1Introduction Is inflation related to money growth? Many have interpreted recent low corre- lations of money … whether the quantity theory holds. The quantity theory is consistent with a slope coeﬃcient of unity in a regression of … uninformative about the quantity theory. If errors in the supply of money are uncorrelated with errors in the demand for money, then …

Persistent link: https://www.econbiz.de/10003883653