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- W1760300545 abstract "We examined money-output regression (St. Louis equation) considering econometric problem, macroeconomic theory, and policy implications. Our results reveal that increases in money affects real variables like output over a few quarters. These results ascertain Keynesian macroeconomic view that price-wage rigidity cause output to respond to nominal shocks like shifts in money demand. Out derivation adds contribution to the original empirical results with regard to; endogeneity of money, lags from monetary shocks on output, and serial correlation in output disturbances (persistence), and fundamental equilibrium relationship (co-integration), etc." @default.
- W1760300545 created "2016-06-24" @default.
- W1760300545 creator A5051855990 @default.
- W1760300545 date "2015-01-01" @default.
- W1760300545 modified "2023-09-26" @default.
- W1760300545 title "Investigation on Keynesian Monetary Fluctuations" @default.
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- W1760300545 doi "https://doi.org/10.4172/2151-6219.1000174" @default.
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