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Re-examination of the velocity-money growth variability debate

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Abstract

In this paper the author re-examines the money growth variability debate set forth by Milton Friedman. Six time periods are analyzed in the study. The pre-1979 period is found to be the only period which exhibits any evidence that money growth variability Granger-causes velocity.

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Authors and Affiliations

  1. Eastern Kentucky University, 40475-3111, Richmond, KY

    James E. Payne

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  1. James E. Payne
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Payne, J.E. Re-examination of the velocity-money growth variability debate. J Econ Finan 17, 127–133 (1993). https://doi.org/10.1007/BF02920088

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