Money and Prices in the Philippines, 1981-1992: A Cointegration Analysis

Yap, Josef T. Author_Email: and Celia Reyes

Philippine Journal of Development, 1993

Abstract: Based largely on the work of Funke and Hall, estimation results indicate non-causality between money and price level attributed to the interplay of factors such as unstable political and economic environment. P* vector has no significance on potential output since Q instead of Q* has been used.

Keywords: monetary aggregates; causality; price level (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:phd:pjdevt:jpd_1993_vol__xx_no__1-c

DOI: 10.62986/pjd1993.20.1c

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