Title: Exchange rates, prices and money: A long-run perspective
Authors: De Grauwe, Paul ×
Grimaldi, M #
Issue Date: Oct-2001
Publisher: John wiley & sons ltd
Series Title: International journal of finance & economics vol:6 issue:4 pages:289-313
Abstract: In this paper we analyse the long-run proportionality and neutrality propositions between inflation and money growth and between exchange rate changes and money growth. Using a sample of 100 countries over a thirty-year period we find that the evidence in favour of these propositions is weak for the low inflation countries and very strong for the high inflation Countries. We propose an explanation based on productivity shocks and transaction costs. Copyright (C) 2001 John Wiley & Sons, Ltd.
ISSN: 1076-9307
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of International Economics, Leuven
× corresponding author
# (joint) last author

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