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A Note on Causality between Money, Wages and Prices in Australia

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  • Alston, Julian M
  • Chalfant, James A

Abstract

Lead and lag relationships between money, wages, and prices are examined using A ustralian data. Granger causality tests support univariate causality running from money to both wages and prices. This result is consisten t with a monetarist explanation of inflation. Copyright 1987 by The Economic Society of Australia.

Suggested Citation

  • Alston, Julian M & Chalfant, James A, 1987. "A Note on Causality between Money, Wages and Prices in Australia," The Economic Record, The Economic Society of Australia, vol. 63(181), pages 115-119, June.
    • Handle: RePEc:bla:ecorec:v:63:y:1987:i:181:p:115-19
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    Cited by:

    1. Paul Miller & Charles Mulvey, 1993. "What Do Australian Unions Do?," The Economic Record, The Economic Society of Australia, vol. 69(3), pages 315-342, September.
    2. Akhand Akhtar Hossain, 2015. "The Evolution of Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 14611.

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