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According to Monetarist Milton Friedman (1970), Inflation is always and everywhere a monetary phenomenon. There is a lack of consensus among researchers regarding the stimulus of changes in money supply over price level. Even though a very large number of researches conducted to understand the...
Persistent link: https://www.econbiz.de/10012911734
Demand for money function in India has been experimented with various specification and estimation issues. The main focus of this exercise is to re-evaluate the performance of the money demand specifications in the context of identifying suitable determinants. The major concern of this effort is...
Persistent link: https://www.econbiz.de/10012943326
A very large number of empirical studies have been conducted in many countries to evaluate the determinants and stability of the demand for money. The analysis of this paper deals with error correction, causality and stability issues in money demand estimation. In this study various money supply...
Persistent link: https://www.econbiz.de/10012943329