Money and Prices, Money and GDP: New Evidences using Weighted Measures of Money

Philippe de Peretti ()
Additional contact information
Philippe de Peretti: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: This paper is an attempt to investigate the role of money in the economy. To avoid the so-called Barnett Critique, monetary assets are aggregated using a superlative index. Granger causality tests are then implemented in the co-integration pre-testing free FM-VAR and RBFM-VAR frameworks. Results emphasize the impact of money on the inflation rate, but show that money has no influence on the activity.

Keywords: Divisia money; FM-VAR; RBFM-VAR (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Published in 2011

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00646825

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().