Is the QTM controversy settled? (Record no. 118466)

MARC details
000 -LEADER
fixed length control field 01091nmm a2200181Ia 4500
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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Bhanumurthy, N.R.
245 #0 - TITLE STATEMENT
Title Is the QTM controversy settled?
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Bangalore
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Institute for Social and Economic Change
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2001
520 ## - SUMMARY, ETC.
Abstract The present study tests the validity of the Quantity Theory of Money with the help of a new test procedure developed by Horvath & Watson (Econometric Theory, 1995) in a multiple cointegration framework. By using a fairly long quarterly data set of USA, Canada, Australia and Italy for the period 1975-I to 1998-II the study found that I(0) velocity is proved in all the sample countries, except Canada. Further, it found that all the sample countries have at least one unknown cointegrating vector between money supply, prices and real income, corroborating the propositions of QTM.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Money
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Quantity Theory
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Padhan, Purna Chandra
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Ramachandran, M.
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://203.200.22.249:8080/jspui/handle/123456789/7152">http://203.200.22.249:8080/jspui/handle/123456789/7152</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 118466
Holdings
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        Working Papers Dr VKRV Rao Library Dr VKRV Rao Library 02/11/2021   DL7152 02/11/2021 02/11/2021 Digital Library