Money and Prices in the Philippines, 1981-1992: A Cointegration Analysis
JPD 1993 Vol. XX No. 1-c
1993
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Based largely on the work of Funke and Hall, estimation results indicate non-causality between money and price level attributed to the interplay of factors such as unstable political and economic environment. P* vector has no significance on potential output since Q instead of Q* has been used.
