Basu, Parantap; Dua, Pami - In: Applied Economics Letters 3 (1996) 9, pp. 581-585
Using a vector autoregressive framework, this paper examines the role of real and monetary factors in explaining velocity instability in the sample periods 1973:1-1993:2 and 1979:4-1993:2. The VAR model includes money growth variability, velocity, the interest rate and real output. On the basis...
