Money and Income: A Changing Relationship
The effect of money on output has been changing during the past two decades. This paper attempts to examine the money-income relationship in Australia and the United States during the period of the 1960s-1990s as well as the 1960s-1970s. The empirical findings of the study, based on variance decomposition and impulse response functions show a weak long-run relationship between money and income for both countries when the sample period includes the decades of the 1980s and 1990s. This result may indicate temporary short-run changes in the relationship between money and income. However, over a long period of time money has a neutral effect on output.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1998|
|Contact details of provider:|| Postal: THE UNIVERSITY OF NEW SOUTH WALES, SCHOOL OF ECONOMICS, P.O.B. 1 KENSINGTON, NEW SOUTH WALES 2033 AUSTRALIA.|
Fax: +61)-2- 9313- 6337
Web page: http://www.economics.unsw.edu.au/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:nesowa:98-15. 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: (Thomas Krichel)
If references are entirely missing, you can add them using this form.