Modeling the Dynamics of Money Income from a Vector Correction Model
The purpose of this paper is to re-examine the empirical relationship among alternative monetary aggregates (M1 and M2), output, prices, interest rates and exchange rates in India. The results of a five-variate vector error correction model are indicative of a bi-directional causality between each o...
| Veröffentlicht in: | The Journal of Developing Areas. in. - Western Illinois University, 1966. - 43(2010), 2, Seite 233-253 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2010
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| Zugriff auf das übergeordnete Werk: | The Journal of Developing Areas. in |
| Schlagworte: | Money-Income Relationship Real Business Cycle Theory Keynesian Monetary Accommodation Hypothesis Vector Error correction Model Variance Decompositions Economics Business Philosophy |
| Online verfügbar |
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