Variation of Output with the Variation of Anticipated and Unanticipated Money Supply in India –1950-91
It has been examined that output level has responded to money supply over the time period 1950-1991. This money supply has two parts: (i) the anticipated and unanticipated. Consequently, we face an immediate question – which part of money supply is responsible for the observed variation in output level? This paper seeks to address this issue. Now, anticipated money supply and unanticipated money supply are to be sought first and then we see their relationships with the variation output level. , “Expectations Proper” is attitudes, dispositions or states of mind which determine our behaviour or at least accompany it. The precision of expectations depends on the quality and nature of information available and the model through which the information set is processed. The agent has very limited set of information. In such case ‘Adaptive Expectations’ are very suitable where future value of a variable is related to a set of some past values. This constitutes the heart of ‘Rational Expectations Process’. “Expectations about a variable are said to be rational if they depend, in the proper way, on the same things, that economic theory says actually determine the variable”.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:jge:journl:247. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr J K Sachdeva)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.