Mallik, Girijasankar; Chowdhury, Anis - University of Western Sydney; University of Western Sydney; … - 2002
This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand … and a vector error correction model (VECM), it is found that the long-run relationship between inflation and real income … expenditure too is positively related to real income in the long-run. These findings raise a serious doubt about the "inflation …