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Persistent link: https://www.econbiz.de/10001498002
We propose a drifting-coefficient model to empirically study the effect of money on output growth in Canada and to …
Persistent link: https://www.econbiz.de/10009627522
Persistent link: https://www.econbiz.de/10001766148
Canada for data from the 1960s up to the present. Our estimates suggest that a smoothed measure of broad money growth …
Persistent link: https://www.econbiz.de/10003973538
Persistent link: https://www.econbiz.de/10003734993
Canada, like many countries, has recently experienced difficulties in achieving money growth stability and money supply … suggests that the problems have arisen from the Bank of Canada suse of an interestrate control mechanism.The paper argues that …
Persistent link: https://www.econbiz.de/10012477613
This paper presents an empirical test of the proposition that control of a monetary aggregate will generate a rise in its velocity.The test is carried out utilizing the Canadian experience of controlling Ml growth from 1975:3 to 1982:3. Section One of the paper presents evidence of the...
Persistent link: https://www.econbiz.de/10012477944
Persistent link: https://www.econbiz.de/10012803093
Canada for data from the 1960s up to the present. Our estimates suggest that a smoothed measure of broad money growth …
Persistent link: https://www.econbiz.de/10013142985
This paper presents an empirical test of the proposition that control of a monetary aggregate will generate a rise in its velocity.The test is carried out utilizing the Canadian experience of controlling Ml growth from 1975:3 to 1982:3. Section One of the paper presents evidence of the...
Persistent link: https://www.econbiz.de/10013244757