Paul, M Thomas; Bhanumurthy, N R; Bapat, Nishant - Institute for Social and Economic Change (ISEC) - 2001
The present study tries to examine the long-run relationship between money supply and prices in the Indian context with the help of both annual data for the period 1953 to 1998 and with the help of monthly data for the period 1993:1 to 1998:12. The present study finds that there still exists a...