Skip to main content
Article
Monetary Variability and Real Output
Economics Letters
  • Tony Caporale, University of Dayton
Document Type
Article
Publication Date
1-1-1993
Abstract
Utilizing Engel's (Econometrica, 1982, 50, 987–1008) autoregressive conditional heteroskedasticity (ARCH) model to consistently parameterize the conditional variance of money growth, I find an inverse relationship between monetary variability and real output. This provides some additional evidence in favor of Friedman's (Journal of Political Economy, 1977, 85, 451–472) famous conjecture.
Inclusive pages
219-222
ISBN/ISSN
0165-1765
Publisher
Elsevier
Peer Reviewed
Yes
Citation Information
Tony Caporale. "Monetary Variability and Real Output" Economics Letters Vol. 42 Iss. 2-3 (1993)
Available at: http://works.bepress.com/tony_caporale/14/