This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further … has played a major role in increasing Pakistan’s national income. The study fails to find the active role of money in …

nominal money and nominal income, and between nominal money and prices using the annual data set from 1959-60 to 2003 … due to the price hikes in the early 1970s. We investigate the causal relations between real money and real income, between … money in the Pakistani economy, as it is found to be leading variables in changing prices without any feedback. In the case …

the price hikes in Pakistan in the early 1970s. We investigate the causal relations between real money and real income …, between nominal money and nominal income, and between nominal money and prices using the annual data set from 1959-60 to 2003 … changing prices without any feedback. In the earlier studies on income the feedback mechanism of money is found missing perhaps …

This paper re-examines the causal relationship between money and prices in Pakistan using recent data on money and … money to prices. Further, it seems that the monetary expansion has a greater impact on wholesale sale prices compared to CPI. … prices and taking care of time series properties. The results of the paper suggest a unidirectional causality running from …

The main purpose of this paper is to show that, for any given parameter values, an equilibrium with dispersed prices … (two-price equilibrium) exists in a simple matching model with divisible money presented by Green and Zhou (1998).We also …

A game theoretic approach to the theory of money and financial institution is given utilizing both the strategic and … used to calculate several cooperative forms that differ from each other in their utilization of money and credit and their … the extreme structures the concept of "enough money" can be defined usefully, and for large economies the games obtained …

nominal income to a broad definition of money in a panel of 25 countries. …What kind of information do stock prices offer for predicting velocity? This paper develops previous work by Milton …

How do changes in the quality of money affect price dispersion or more generally the equilibrium distribution of prices …? We relax the storage technology for fiat money in a prototypical search model to answer this question. …

This paper juxtaposes the policy trend towards price stability with the theoretical optimal quantity of money. After …

between those quarters (i.e., from the early 1340s to the mid 1370s). The analysis of the evidence on money, prices, and wages … depopulation will result in falling grain prices and thus in falling rents on grain-producing lands (on land in general) and in … would also have been a product of the fall in the cost of living, chiefly determined by bread-grain prices, whose decline …