Testing the quantity theory of money in Greece: reply to Ozmen

Costas Karfakis

Applied Economics Letters, 2004, vol. 11, issue 9, 541-543

Abstract: Ozmen (Applied Economics Letters, 10, 971-4, 2003) re-examines money exogeneity in Greece using data from Karfakis (Applied Economics, 34, 583-7, 2002) and claims, contrary to Karfakis, that money exogeneity is rejected. This reply demonstrates that money exogeneity is sensitive to lag length specification.

Date: 2004
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DOI: 10.1080/1350485042000228790

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