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Empirical evidence concerning the link between monetary aggregates and inflation or GDP growth has been underemphasized … determinants of inflation and GDP growth. In addition, the best composite aggregates produce switch dates that overlap with known …
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We examine the nature of predictive power of money supply growth for stock returns. An understanding of which would be useful for market practitioners and policy makers given the current lack of consensus. In addition, knowledge of this relationship can aid our understanding of the risk and cash...
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