Aghevli, Bijan B.; Rodriguez, Carlos A. - In: IMF Staff Papers 26 (1979) 1, pp. 38-54
In order to assess empirically the role of monetary factors in the process of short-run determination of output growth, inflation, and the trade balance, a model is developed for Japan and estimated for the period 1965-76. The model is essentially monetarist, in that the excess supply of cash...