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An Empirical Investigation into the Causal Relationship Between Money and Prices in the Post World War II United States

机译：第二次世界大战后美国货币与价格因果关系的实证研究

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摘要

A modified Sims' test for Granger causality is applied to data from the United States for the period 1947-1978. This study has identified a unidirectional causal ordering from money to prices, as has been identified in other studies. An important result unique to this study is the identification of feedbacks from prices to money that appear to be getting stronger, as one would expect from the institution of wage escalator clauses tied to the Consumer Price Index and other similar institutional changes.

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作者
Bishop, R. V.;
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年度 1980
页码 1-38
总页数 38
原文格式 PDF
正文语种 eng
中图分类工业技术;
关键词
Prices; Time series analysis; Economic models; Regression analysis; Inflation(Economics); United States;

机译：价格;时间序列分析;经济模型;回归分析;通货膨胀（经济学）;美国;

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An Empirical Investigation into the Causal Relationship Between Money and Prices in the Post World War II United States

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