Brüggemann, Imke; Nautz, Dieter - 1997
evidence for a velocity-volatility linkage. However the estimation of volatility-augmented money demand functions reveals that … volatility of short-term money growth. The present paper investigates the impact of German money growth volatility on income … velocity and money demand in view of Friedman's money growth volatility hypothesis. Granger-causality tests provide some …