Monetary policy, income and prices: a stability assessment
Applied Economics Letters
685 - 694
Item Usage Stats
MetadataShow full item record
This paper assesses the stability of the money-income relationship for seven OECD countries. When the sample was split into two subsamples: pre- and post-1980, the empirical evidence presented in this paper shows that even if the inferences gathered across countries are not always parallel, the inferences gathered from the VAR specification across the samples for each country are mostly parallel.