Markov switching causality and the money-output relationship
نویسندگان
چکیده
منابع مشابه
Investigating the Relationship between Money Growth and Inflation in Turkey: A Nonlinear Causality Approach
Theories on the relationship between money and inflation had largely been shaped around the positive relationship and money causality for inflation before the Post-Keynesians. Since the 1980s, this idea emerged that there might be no correlation between money growth and inflation. In the case of existence, the causality is reversed, so money is endogenous somehow. However, practically there is ...
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2005
ISSN: 0883-7252,1099-1255
DOI: 10.1002/jae.819