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Title: |
Money Growth Volatility and Income Velocity in the United Kingdom |
| Author: |
Arize,
Augustine C. |
| Author
Affiliation: |
E TX State U |
| Source: |
International Economic Journal, Autumn 1993, v. 7, no. 3, pp. 43-52 |
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Publication Date: |
Autumn 1993 |
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Abstract: |
Applying Granger-type causality along with
Akaike's final-prediction-error criterion on the United Kingdom data
over quarterly period, 1973-89, this paper finds no significant causal
relationship between income velocity and money growth volatility,
implying that the data is incompatible with Friedman's hypothesis. |
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