Causality Between Moneyand Income

R. W. Hafer used the Granger test to find out the nature of causality between GNP (rather than GDP) and M for the United States for the period 1960-I to 1980-IV. Instead of using the gross values of these variables, he used their growth rates, GNP and M, and used four lags of each variable in the two regressions given previously. The results were as follows58: The null hypothesis in each case is that the variable under consideration does not "Granger-cause" the other variable.

Direction of causality

F value



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Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

Learning About The Rules Of The Rich And Wealthy Can Have Amazing Benefits For Your Life And Success. Discover the hidden rules and beat the rich at their own game. The general population has a love / hate kinship with riches. They resent those who have it, but spend their total lives attempting to get it for themselves. The reason an immense majority of individuals never accumulate a substantial savings is because they don't comprehend the nature of money or how it works.

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