..
Soumettre le manuscrit arrow_forward arrow_forward ..

Investigation on Keynesian Monetary Fluctuations

Abstract

ByungWoo K

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.

Avertissement: Ce résumé a été traduit à l'aide d'outils d'intelligence artificielle et n'a pas encore été examiné ni vérifié

Partagez cet article

Indexé dans

arrow_upward arrow_upward