Money growth and velocity with structural breaks: Evidence from the Philippines - Archive ouverte HAL Access content directly
Journal Articles Philippine Management Review Year : 2011

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

Abstract

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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Dates and versions

hal-00785395 , version 1 (11-02-2013)

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  • HAL Id : hal-00785395 , version 1

Cite

Assad L. Baunto, Christian Bordes, Samuel Maveyraud-Tricoire, Philippe Rous. Money growth and velocity with structural breaks: Evidence from the Philippines. Philippine Management Review, 2011, 18, pp.71-81. ⟨hal-00785395⟩
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