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 |
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| Subjects: | H Social Sciences |
| Institutional Unit: | Schools > Kent Business School |
| Former Institutional Unit: |
Divisions > Kent Business School - Division > Department of Accounting and Finance
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| Depositing User: | Mohammad Hasan |
| Date Deposited: | 27 Jan 2010 11:58 UTC |
| Last Modified: | 20 May 2025 11:55 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/23609 (The current URI for this page, for reference purposes) |
University of Kent Author Information
Hasan, Mohammad S.
| Creator's ORCID: |
 https://orcid.org/0000-0002-2453-6868
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