Long Run Relationship between the High-Power Money and the Money Supply

  1. Ferreira-Garcia, Eva 1
  2. Gutiérrez, María-José 1
  3. Regúlez, Marta 1
  1. 1 Universidad del País Vasco/Euskal Herriko Unibertsitatea
    info

    Universidad del País Vasco/Euskal Herriko Unibertsitatea

    Lejona, España

    ROR https://ror.org/000xsnr85

Journal:
Politická ekonomie

ISSN: 0032-3233,  2336-8225

Year of publication: 1997

Volume: 45

Issue: 1

Pages: 46-58

Type: Article

DOI: 10.18267/J.POLEK.266 WoS: WOS:A1997WH89300004 GOOGLE SCHOLAR lock_openOpen access editor

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Abstract

In the major part covers the monetary policy managed in two levels. The first level is setting down desirable goals for given economy and ways how to reach through regulations transitive goals. This regulation is practised in the second level. The paper is dealing with empirical relationships among monetary base and monetary aggregates with using co-integration methods.