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New Evidence on Casual Relationships between the Money Supply, Prices and Wages in the UK.

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 1363-7029. (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:23609)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.

Abstract

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.

Item Type: Article
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Depositing User: Mohammad Hasan
Date Deposited: 27 Jan 2010 11:58 UTC
Last Modified: 16 Nov 2021 10:02 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/23609 (The current URI for this page, for reference purposes)

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