Money growth and velocity with structural breaks: Evidence from the Philippines

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Auteurs
Date

2011

Discipline
Type de document
Périmètre
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Identifiants
Source

HAL SHS (Sciences de l’Homme et de la Société)

Collection

Archives ouvertes

Organisation

Centre pour la communication scientifique directe

Licence

info:eu-repo/semantics/OpenAccess

Sujets proches En

Specie Monetary question Money, Primitive Currency Standard of value

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Assad L. Baunto et al., « Money growth and velocity with structural breaks: Evidence from the Philippines », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.464028...

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This paper aims to test the Friedmanite proposal on the link between the velocity of money demand and money growth. We base our work on the Philippines as its monetary policy has been subject to sharp swings since the 1980s. We use a method that takes into account possible structural breaks in the velocity of money demand and a GARCH model to evaluate the variability of money growth. We apply Granger causality tests to confirm the Friedmanite hypothesis

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