How Much Does Money Matter in India?

Sharma Ram Lal

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: Money is not unique in India as it claimed by the monetarists in the context of the U.S.A. Because (i) Bi-directional relationship was found between nominal money and nominal income. (ii) The same type of relationship was found between money and real income.

Date: 1987-09-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp00779

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