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Download or read book Interpreting the Evidence on Money-income Causality written by and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James H. Stock
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (159 download)
Download or read book Interpreting the Evidence on Money-income Causality written by James H. Stock and published by . This book was released on 1987 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Previous authors have reached puzzlingly different conclusions about the usefulness of money for forecasting real output based on closely related regression-based tests. An examination of this and additional new evidence reveals that innovations in M1 have statistically significant marginal predictive value for industrial production, both in a bivariate model and in a multivariate setting including a price index and an interest rate. This conclusion follows from focusing on the trend properties of the data, both stochastic and deterministic, and from drawing inferences using asymptotic theory that explicitly addresses the implications of these trends for the distributions of the various test statistics.
Author : Benjamin M. Friedman
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Another Look at the Evidence on Money-income Causality written by Benjamin M. Friedman and published by . This book was released on 1990 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Basudeb Biswas
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (231 download)
Download or read book Money-income Causality: Further Empirical Evidence written by Basudeb Biswas and published by . This book was released on 1985 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (933 download)
Download or read book Interpreting the Evidence on Money-income Casuality written by and published by . This book was released on 1987 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (153 download)
Download or read book Money-income Causality - a Critical Review of Literature Since the Monetary History written by and published by . This book was released on 1988 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Bergman
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)
Download or read book Money-income Causality and the Neutrality of Money written by Michael Bergman and published by . This book was released on 1993 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bluford H. Putnam
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (534 download)
Download or read book Money, Income, and Causality in the U.S. and the U.K. written by Bluford H. Putnam and published by . This book was released on 1978* with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Abdur R. Chowdhury
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (219 download)
Download or read book Money-income Causality in a Developing Economy written by Abdur R. Chowdhury and published by . This book was released on 1987 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert E. Keleher
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (592 download)
Download or read book Money-income Causality at the State-regional Level written by Robert E. Keleher and published by . This book was released on 1979 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Cheng Hsiao
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.:/5 (351 download)
Download or read book Money and Income Causality Detection written by Cheng Hsiao and published by . This book was released on 1977 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we intend to survey and suggest the theoretical framework of the important aspects of causality detection with the purpose of conveying to the reader the essential features and the different forms in which inferences may be drawn from given data. Section II presents the basic theorem characterizing the causality events and suggests two feedback detection methods which, like the one suggested by Pierce and Haugh (1977), are based on correlation analysis. In Section III we survey other well-known causality detection methods and try to relate and to compare them with the methods suggested in Section II. Section IV briefly reviews the theoretical controversy of the relationship between money and income and presents some empirical evidence based on the methods discussed in this paper. Conclusions are in Section V
Author : Shuping Shi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Causal Change Detection in Possibly Integrated Systems written by Shuping Shi and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper re-examines changes in the causal link between money and income in the United States for over the past half century (1959-2014). Three methods for the data-driven discovery of change points in causal relationships are proposed, all of which can be implemented without prior detrending of the data. These methods are a forward recursive algorithm, a recursive rolling algorithm and the rolling window algorithm all of which utilize subsample tests of Granger causality within a lag-augmented vector autoregressive framework. The limit distributions for these subsample Wald tests are provided. The results from a suite of simulation experiments suggest that the rolling window algorithm provides the most reliable results, followed by the recursive rolling method. The forward expanding window procedure is shown to have worst performance. All three approaches find evidence of money-income causality during the Volcker period in the 1980s. The rolling and recursive rolling algorithms detect two additional causality episodes: the turbulent period of late 1960s and the starting period of the subprime mortgage crisis in 2007.
Author : Benjamin M. Friedman
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)
Download or read book Another Look at the Evidence on Money-income Causality written by Benjamin M. Friedman and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hsiao, Cheng
Publisher : Institute for Policy Analysis, University of Toronto
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4.:/5 (943 download)
Download or read book Autoregressive Modelling and Money-income Causality Detection written by Hsiao, Cheng and published by Institute for Policy Analysis, University of Toronto. This book was released on 1981 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Orley Ashenfelter
Publisher : Elsevier
ISBN 13 : 9780444501899
Total Pages : 800 pages
Book Rating : 4.5/5 (18 download)
Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 1999-11-18 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.
Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 9781589061224
Total Pages : 260 pages
Book Rating : 4.0/5 (612 download)
Download or read book IMF Staff Papers, Volume 49, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2002-09-23 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.
Author : Dek Terrell
Publisher : Emerald Group Publishing
ISBN 13 : 1781903093
Total Pages : 500 pages
Book Rating : 4.7/5 (819 download)
Download or read book 30th Anniversary Edition written by Dek Terrell and published by Emerald Group Publishing. This book was released on 2012-12-17 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 30th Volume of Advances in Econometrics is in honor of the two individuals whose hard work has helped ensure thirty successful years of the series, Thomas Fomby and R. Carter Hill.
