Unanticipated Money, Output, and Inflation in Greece

John Paleologos

Public Finance = Finances publiques, 1986, vol. 41, issue 3, 415-29

Abstract: This paper develops and estimates a small new-classical model of the Greek economy using annual data from 1954-1980. The model is "monetarist" as the demand for output is derived from the demand for money function. In this model output is affected only by actual and ancitipated monetary growth, whereas the price level is influenced by both actual and unanticipated changes in money supply, using single equation and simultaneous equation techniques.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pfi:pubfin:v:41:y:1986:i:3:p:415-29

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