Article ID Journal Published Year Pages File Type
5055620 Economic Modelling 2011 11 Pages PDF
Abstract
► Re-examination of the role of monetary aggregates in monetary policy formulation. ► Causality testing of role of monetary aggregates in influencing output and inflation. ► Causality tests exeuted across spectral frequency bands and wavelet time scales. ► Causality relations may vary across frequency bands and time scales. ► Monetary aggregates not irrelevant as leading indicators of output and inflation.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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