Interrelationship Between Money, Price and Income in Nepal

Language: English

Published by LAP LAMBERT Academic Publishing Dez 2014, 2014

3659548731 / 9783659548734

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This item is printed on demand - Print on Demand Titel. Neuware -The causal relationships between money, income & prices have been an active area of investigation in economics, particularly after the advent of causality concept by Granger (1969) and its application by Sims (1972). The Monetarists claim that changes in stock of money plays an important role to determine changes in nominal income and prices. Keynesians argued that changes in income cause changes in money stock via demand for money. In this book, the issues of causality between money supply, price level and income has been examined for Nepal. The annual data shows causality running from money supply to income, which suggests that income growth is endogenous and monetary policy regarding money supply can play an important role in determining income growth in Nepal. There is no causality between money supply and price level suggesting that inflation is not purely a monetary phenomenon in Nepal and changes in price level are caused by structural factors as explained by the Keynesians. The monthly data partially indicates that price level causes money supply in Nepal. It means that monthly money supply is endogenous and increasing money supply is due to increase in the inflation rate.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 76 pp. Englisch.…

Seller Inventory # 9783659548734

Title
Interrelationship Between Money, Price and Income in Nepal
Author
Gaurang Rami
Publisher
LAP LAMBERT Academic Publishing Dez 2014
Publication year
2014
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3659548731
ISBN 13
9783659548734
Item weight
131 grams
Dimensions
220x150x6 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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