Arbeitspapier
Granger causality between money, output, prices and interest rates: Some cross-country evidence from the period 1875 - 1984
This paper studies the Granger causality between money, output, prices and nominal interest rates by making use of long time series from 11 countries. Empirical analyses, both in the time and frequency domain, suggest that money does not help in predicting movements in output over time. In fact, only in the cases of Canada, Italy and Norway there seems to exist a unidirectional causation from money to real output. A quite different result emerges with money and prices. Thus, typically causation runs from money to prices during the sample period.
- ISBN
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951-686-195-4
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 11/1989
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Pikkarainen, Pentti
Virén, Matti
- Event
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Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
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1989
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Pikkarainen, Pentti
- Virén, Matti
- Bank of Finland
Time of origin
- 1989
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