Hasan, Mohammad S (1999) New Evidence on Casual Relationships between the Money Supply, Prices and Wages in the UK. Economic issues, 4 (2). pp. 75-87. ISSN 0141-4739.
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The paper re-examines empirically the causal relationship between money stock, prices and wages in the United Kingdom. Using a vector error-correction modelling technique with suitable diagnostics, such as Akaike's FPE statistics and `F' tests for under-fitting the causal model, the results indicate a feedback relationship between money and prices, prices and wages, and wages and money stock. The results are supportive of the expectations- augmented Phillips-curve view of inflation and the monetary accommodation hypothesis.
|Subjects:||H Social Sciences|
|Divisions:||Faculties > Social Sciences > Kent Business School > Accounting and Finance|
|Depositing User:||Rebecca Stevenson|
|Date Deposited:||27 Jan 2010 11:58|
|Last Modified:||27 Jan 2010 11:58|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/23609 (The current URI for this page, for reference purposes)|
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