output and real-rate gaps can be represented in a parsimonious and practical manner using the theory of anelasticity that …

selection approach, the study interacts money supply, interest rate, economic growth, and inflation rate, among themselves and … their lagged values using the Vector Auto-regressive (VAR) analytical technique. The Classical quantity theory of money, the … Cambridge Cash Balanced, the liquidity preference theory and the Monetarists as theoretical frameworks were explored to …