Mndebele, Siyabonga; Tewari, Devi D.; Ilesanmi, Kehinde … - In: Economies : open access journal 11 (2023) 2, pp. 1-26
Purpose: The purpose of this study is to test the validity of the quantity theory of money (QTM) on South African … Distributed Lagged model (NARDL) to assess potential asymmetries in the effect of money supply to differentiate between the … policy shocks is very weak. On the other hand, in the long run, both negative and positive shocks in the money supply push …