A Note on Excess Money Growth and Inflation Dynamics: Evidence from Threshold Regression

We test the effect of excess money growth on inflation using Threshold Regression technique developed by Hansen (2000). The empirical test is conducted using annual data from India for the period from 1953-54 to 2007-08. The results clearly exhibits that the relationship is not linear and without a strong credit growth, excess money growth has lesser inflationary effects.

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Year of publication:	2013-02
Authors:	Bhaduri, Saumitra N ; Durai, S. Raja Sethu
Institutions:	Madras School of Economics
Subject:	Excess Money Growth \| Quantity Theory of Money \| Inflation \| Threshold Regression

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	16 pages
Classification:	E31 - Price Level; Inflation; Deflation ; E51 - Money Supply; Credit; Money Multipliers
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010856685