[경제학의 철학] Hoover (2001), Ch 10 “Case Study II: The Causal Direction between Money and Prices” 요약 정리 (미완성)

      

[ Kevin D. Hoover (2001), Causality in macroeconomics (Cambridge University Press), pp. 250-282.

  Kevin D. Hoover (1991), “The causal direction between money and prices: An alternative approach”, Journal of Monetary Economics 27, 381-423. ]

 

 

  10.1 Does Money Cause Prices? The Current Debate

  10.2 Stable and Unstable Periods

  10.3 Baseline Regressions

  10.4 Digression: Reaction Function or Causal Relation?

  10.5 Out-of-sample projections

    10.5.1 Backward Projections: 1953.4-1950.1

    10.5.2 Forward Projections: 1966.3-1985.4

    10.5.3 Patterns of Stability

  10.6 Does Currency Cause Prices?

  10.7 Summary and Conclusions

  APPENDIX. Data: Sources and Definitions

 

 

  10.1 Does Money Cause Prices? The Current Debate

  10.2 Stable and Unstable Periods

  10.3 Baseline Regressions

  10.4 Digression: Reaction Function or Causal Relation?

  10.5 Out-of-sample projections

    10.5.1 Backward Projections: 1953.4-1950.1

    10.5.2 Forward Projections: 1966.3-1985.4

    10.5.3 Patterns of Stability

  10.6 Does Currency Cause Prices?

  10.7 Summary and Conclusions

  APPENDIX. Data: Sources and Definitions

(2021.12.12.)