Velocity and the variability of monetary growth in the United Kingdom

John Harris Thornton

10 citations0/0 files storedApplied Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

This paper uses the Granger-causality method to test on United Kingdom data Friedman's hypothesis (for the United States) that the volatility of monetary growth has caused the decline in income velocity. The paper concludes that for the United Kingdom the volatility of monetary growth does not cause velocity in the Granger sense.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 10 citations exist upstream.

References

1969Investigating Causal Relations by Econometric Models and Cross-spectral Methods 1984Monetary Theory and Practice 1989Money, Information and Uncertainty 1984The `Buffer Stock Notion in Monetary Economics 1978Money, Information and Uncertainty 1984Lessons from the 1979-1982 Monetary Policy Experiment 1986FINANCIAL INNOVATION AND MONETARY CONTROL 1983Monetary Variability: United States and Japan: Note

Cited by

1997Income velocity and the variability of money growth: evidence from less developed countries 2011Money growth and velocity with structural breaks: Evidence from the Philippines 2004Velocity Effects of Increased Variability in Monetary Growth in Egypt: A Test of Friedman's Velocity Hypothesis

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.