the design of German monetary policy. Furthermore, causality test results indicate a causal flow from money to nominal … income. However, there is no evidence of a causal flow from nominal income to various definitions of money. These results … confirm the Bundesbank’s claim that monetary growth runs ahead of fluctuations in nominal income in Germany. That is, the …

the design of German monetary policy. Furthermore, causality test results indicate a causal flow from money to nominal … income. However, there is no evidence of a causal flow from nominal income to various definitions of money. These results … confirm the Bundesbank’s claim that monetary growth runs ahead of fluctuations in nominal income in Germany. That is, the …

Purpose – The purpose of this paper is to test the hypothesis of long-run money neutrality for Egypt, Jordan and … cointegration techniques to test the neutrality of money hypothesis for three Middle Eastern economies, using quarterly data on … money, prices and real income. The benefit of using this technique lies in its ability to distinguish between cointegration …

Presents a paper written by Lauchlin Currie in November 1992 in which he identifies and defends the concepts of money … demand for money. The paper concludes that checking accounts possesses the further essential quality of being quantitatively … subject to control, which in turn permits a limitation of the total quantity of demand deposits and hence of money. …

in the use of terms relating to money and savings can lead to a lack of precision in theories, which in turn leads to …

volatility clustering. Findings – The empirical findings suggest that money supply volatility exerts a significant asymmetric … influence on output volatility, i.e. the variance of output changes more due to positive changes than negative changes of money … the volatility of money on the volatility of output in the case of the US. …

Presents a review of Money and Inflation – A New Macroeconomic Analysis (Sergio Rossi (with a Foreword by Mauro …

Attempts to look into the question of causality between money and prices in the context of international comparison in … Philippines were used as case studies. Regarding the money-price causality direction, the study based on both bivariate and … money supply that was the leading variable as the monetarists maintain and not the other way around as the structuralists …

Purpose – This study investigates functional equivalence between entering money into transaction costs that appears in … firms' cost functions and the money in the production function. In light of this model, the purpose of the study is to show … alternative financial instruments on the productive efficiency of 12 EU countries. Findings – The results suggest that the growth …

Purpose – Studies that have addressed the stability of the demand for money in African countries are rare. A few papers … investigate the stability of the M2 demand for money in 21 African countries using quarterly data over the period 1971Q1-2004Q3 …. Design/methodology/approach – A standard money demand function is designed. It is estimated using a bounds testing approach …