000			01088pab a2200157 454500
008			180718b2000 xxu||||| |||| 00| 0 eng d
100			_aBhanumurthy, N.R.
245			_aTesting long-run monetarists propositions in some industrialized countries
260			_c2000
300			_ap.14-25
362			_aMar
520			_aThe 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
650			_aMonetary policy
773			_aArtha Vijnana
909			_a47792
999			_c47792 _d47792