The Empirical Relationship Between Money, Prices, and Income Revisited

Bibliographic Data

ID19418264
AuthorsApostolos Serletis (0000-0002-4169-7524, University of Calgary, corresponding author)
Year1988
Volume6
Issue3
Pages351-358
Publication date1988-07-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Business and Economic Statistics (JOURNAL)
Journal identifiersISSN: 0735-0015 • E-ISSN: 1537-2707
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/07350015.1988.10509672
OpenAlexW2088693048
LanguageEN
Citations received2
References cited19

This article investigates the relationship between sum, Divisia, and monetary velocity money, prices, and income using the notion of Granger (1969) causality. This is achieved by evaluating empirically (using Dickey–Fuller unit-root tests) whether the macroeconomic time series under consideration are trend stationary or difference stationary and by conducting tests using three different, ad hoc, lag lengths—8, 6, and 4 quarters—as well as a statistically determined—using Akaike's (1969a,b) final prediction-error criterion—lag structure

Akaike information criterion · Cointegration · Divisia index · Econometrics · Economics · Granger causality · Lag · Statistics · Unit root · Unit root test · Computer Science · Economic theories and models · Market Dynamics and Volatility · Mathematics · Monetary Policy and Economic Impact

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