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Friedman's Money Supply Volatility Hypothesis: Some International Evidence.
- Source :
- Journal of Money, Credit & Banking (Ohio State University Press); Feb95, Vol. 27 Issue 1, p288-292, 5p, 2 Charts
- Publication Year :
- 1995
-
Abstract
- The article presents commentary and additional empirical evidence regarding the money supply volatility hypothesis of Milton Friedman, modeling the U.S. decline in income velocity in the 1980s as a result of volatile money supply growth. Support of this theory regarding Granger-causation analysis is cited and additional data is provided by the author from nine non-U.S. industrialized nations. The data suggests certain examples of evidence for Friedman's theory, but generally invalidates the general application of the principle.
Details
- Language :
- English
- ISSN :
- 00222879
- Volume :
- 27
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Journal of Money, Credit & Banking (Ohio State University Press)
- Publication Type :
- Academic Journal
- Accession number :
- 9504245375
- Full Text :
- https://doi.org/10.2307/2077864