Tas, Bedri Kamil Onur; Togay, Selahattin - In: Economic Modelling 29 (2012) 3, pp. 577-585
This paper contributes to the ongoing discussion about the endogeneity of money supply by empirically investigating the GCC countries. We propose and implement a direct test of money supply endogeneity that depends on econometric specification of exogeneity which has not been used in the...