Model
Digital Document
Publisher
Florida Atlantic University
Description
This thesis tests the transmission mechanism through
which changes in the rate of growth of the money
supply affect changes in output and prices. Cross-spectral
analysis was used to test the transmission
mechanism. The results support a neo-keynesian
transmission mechanism which associates changes in
the money supply with changes in investment.
which changes in the rate of growth of the money
supply affect changes in output and prices. Cross-spectral
analysis was used to test the transmission
mechanism. The results support a neo-keynesian
transmission mechanism which associates changes in
the money supply with changes in investment.
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