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The accomondation hypothesis in Greece: a tri-variate granger-causality aproach
Journal of Economics and Business - SPOUDAI
View Archive Info| Field | Value | |
| Title |
The accomondation hypothesis in Greece: a tri-variate granger-causality aproach
The accomondation hypothesis in Greece: a tri-variate granger-causality aproach |
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| Creator |
Καρασαβόγλου, Αναστάσιος
Κατρακιλίδης, Κωνσταντίνος |
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| Subject |
Οικονομική ανάπτυξη; Δαπάνη του προυπολογισμού
Economic growth; Budgetary expenditure |
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| Description |
This paper with title "The Accommodation Hypothesis in Greece. A tri-variate Granger-Causality Approach" investigates empirically the causal relationship between money growth, budget deficits and inflation in Greece employing a tri-variate error-correction model. The causal relationship between money, deficits and inflation is explored using three alternative definitions for money: high-powered, M l and M2 definitions of money stock. The results support the accommodation hypothesis and provide evidence that deficits are inflationary when monetized. |
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| Publisher |
University of Piraeus
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| Date |
1993-01-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
https://spoudai.unipi.gr/index.php/spoudai/article/view/1004
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| Source |
SPOUDAI - Journal of Economics and Business; Vol 43, No 1 (1993); 3-18
2241-424X 1105-8919 |
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| Language |
eng
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| Relation |
https://spoudai.unipi.gr/index.php/spoudai/article/view/1004/1083
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| Rights |
Copyright (c) 1993 SPOUDAI - Journal of Economics and Business
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