Journal ArticleDOI
The impact of money supply on economic growth: a case study of the United Arab Emirates
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TLDR
In this article, the authors investigated the impact of money supply on economic growth in the United Arab Emirates (UAE) between 2000 and 2010 and found that the money supply is not positively related to growth and inflation and it is significant to GDP growth rates on the choice between contractionary and expansionary money supply.Abstract:
The relationship between money supply and economic growth has been receiving more attention than any other subject in the field of monetary economics in recent years. The present paper investigates the impact of money supply on economic growth in the United Arab Emirates (UAE) between 2000 and 2010. The M1, M2 and M3 were independent variables and the GDP of the UAE and the inflation rates were the dependent variable. The set hypothesis for the study is that the money supply is not positively related to growth and inflation and it is, however, significant to GDP growth rates on the choice between contractionary and expansionary money supply.read more
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Causality Link between Money, Output and Prices in Malaysia: An Empirical Re-Examination
TL;DR: In this paper, the authors re-examine the causality relationship between monetary aggregates, output and prices in the case of Malaysia and find that there is a strong one-way causality running from money to prices but no evidence for the opposite causality.
Impact of foreign direct investment, money supply, exchange rate and international trade on economic growth in Sri Lanka: an econometric analysis
G. Neerthana,S. Vijayakumar +1 more
TL;DR: In this article, the impacts of macroeconomic variables such as foreign direct investment, money supply, international trade, and exchange rate after open economy policy and to analyze the long run relationship between these variables are analyzed.
References
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Journal ArticleDOI
Co-integration and Error Correction: Representation, Estimation and Testing
TL;DR: The relationship between co-integration and error correction models, first suggested in Granger (1981), is here extended and used to develop estimation procedures, tests, and empirical examples.
Journal ArticleDOI
Likelihood ratio statistics for autoregressive time series with a unit root
David A. Dickey,Wayne A. Fuller +1 more
Book ChapterDOI
Investigating causal relations by econometric models and cross-spectral methods
TL;DR: In this article, it is shown that the cross spectrum between two variables can be decomposed into two parts, each relating to a single causal arm of a feedback situation, and measures of causal lag and causal strength can then be constructed.
Posted Content
The Federal Funds Rate and the Channels of Monetary Transnission
TL;DR: The authors showed that the interest rate on the Federal Funds is extremely informative about future movements of real macroeconomic variables, more so than monetary aggregates or other interest rates, and argued that the reason for this forecasting is that the funds rate sensitively records shocks to the supply of (not the demand for) bank reserves.
Book
The Federal funds rate and the channels of monetary transmission
TL;DR: In this paper, the authors show that the interest rate on the Federal Funds is extremely informative about future movements of real macroeconomic variables and argue that the reason for this forecasting success is that the funds rate sensitively records shocks to the supply of bank reserves; that is, the Fed Funds rate is a good indicator of monetary policy actions.