Hasan, Mohammad S (1998) The choice of appropriate monetary aggregates in the United Kingdom. Applied Economics Letters, 5 (9). pp. 563-568. ISSN 1350-4851. (doi:10.1080/758529500) (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:23610)
| 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. | |
| Official URL: http://dx.doi.org/10.1080/758529500 |
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Abstract
This paper re-examines the relationship between alternative monetary aggregates (MO and M4) and other macroeconomic variables in the United Kingdom. The results of a five-variable VAR analysis are indicative of bidirectional causality between each of the monetary aggregates and real output. Our findings of a feedback relationship between MO-real income, and M4-real income makes each of the monetary aggregates a poor intermediate target variable. Moreover, contrary to most research work in this area, we find a feedback relationship between MO and prices which appears to support the monetary accomodation hypothesis.
| Item Type: | Article |
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| DOI/Identification number: | 10.1080/758529500 |
| 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 12:11 UTC |
| Last Modified: | 20 May 2025 11:55 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/23610 (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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| CReDIT Contributor Roles: |
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