Bhanumurthy, N.R.
Testing long-run monetarists propositions in some industrialized countries - 2000 - p.14-25 - Mar
The present study attempts to test the main monetarists' propositions, which are rather `always and everywhere controversial'. The study considers three monetarists' propositions, which deals with: the relation between money growth and inflation; money growth and output growth; and output growth and inflation. It considers ten industrialized countries for this purpose. Based on thirty-one years of annual data over the period 1963 to 1993 and using simple correlation coefficients and the Vector Autoregression (VAR) models, the study found that `universality of monetarists propositions' proposed by the Chicago school, is rejected as not all the countries supported it. - Reproduced
Monetary policy
Testing long-run monetarists propositions in some industrialized countries - 2000 - p.14-25 - Mar
The present study attempts to test the main monetarists' propositions, which are rather `always and everywhere controversial'. The study considers three monetarists' propositions, which deals with: the relation between money growth and inflation; money growth and output growth; and output growth and inflation. It considers ten industrialized countries for this purpose. Based on thirty-one years of annual data over the period 1963 to 1993 and using simple correlation coefficients and the Vector Autoregression (VAR) models, the study found that `universality of monetarists propositions' proposed by the Chicago school, is rejected as not all the countries supported it. - Reproduced
Monetary policy