one month of observed data. Moreover, we show that business and consumer expectations, international trade and labour …

Recent empirical work has established that 'democracy causes growth'. In this paper, we determine the underlying … the market, endogenously form an 'economic blueprint for growth', which likely differs across countries. We take our model … institutions, as witnessed recently in many countries, may jeopardise the perpetual growth effect of becoming a liberal democracy …

revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite … results from bivariate inflation/money growth systems as spurious due to omittedvariable biases. We also analyze the resulting …

We analyze Granger causality testing in a mixed-frequency VAR, where the difference in sampling frequencies of the …