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This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … causal relations between real money and real income, between nominal money and nominal income, and between nominal money and … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further …
Persistent link: https://www.econbiz.de/10005835538
This paper re-examines the causal relationship between money and income and between money and prices in Pakistan. Using …-integration analysis indicates, in general, the long run relationship among money, income, and prices. The Error Correction and Granger … Causality framework suggest a one way causation from income to money in the long run implying that probably real factors rather …
Persistent link: https://www.econbiz.de/10005836688
The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The area’s external position and the real effective exchange rate of the euro are...
Persistent link: https://www.econbiz.de/10011245374
replaced in the following. The formal point of reference is ‘the integrated approach to credit, money, income, production and …
Persistent link: https://www.econbiz.de/10011258616
Marx, after his epistemological break described by Althusser. The accounting practice of defining and measuring income and … for converting quantities of labour-time in terms of money, which accounts for explicit and implicit costs, is proposed. …
Persistent link: https://www.econbiz.de/10011259412
the pure consumption economy. The geometrical analysis makes the interrelations between income, profit and employment …
Persistent link: https://www.econbiz.de/10011259823
Economists are fond of the physicists’ powerful tools. As a popular mindset Toolism is as old as economics but the transplants failed to produce the same successes as in their aboriginal environment. Economists therefore looked more and more to the math department for inspiration. Now the tide...
Persistent link: https://www.econbiz.de/10011260316
due to the price hikes in the early 1970s. We investigate the causal relations between real money and real income, between … nominal money and nominal income, and between nominal money and prices using the annual data set from 1959-60 to 2003 … of income, the study finds the feedback mechanism of money, which is generally missing in the earlier studies probably …
Persistent link: https://www.econbiz.de/10009363999
This paper is an attempt to revisit the pioneering work of Riazuddin and Khan (2002). A complete business cycle has been elapsed (2002-2010) since their study, so there is need to review the results with additional information. This revisited attempt, based on a theoretically specified...
Persistent link: https://www.econbiz.de/10009321494
Persistent link: https://www.econbiz.de/10009327595