Based largely on the work of Funke and Hall, estimation results indicate non-causality between money and price level attributed to the interplay of factors such as unstable political and economic environment. P* vector has no significance on potential output since Q instead of Q* has been used.
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In other Publications
- Hossain, Akhand Akhtar. 2015. The evolution of central banking and monetary policy in the Asia-Pacific. Books, 14611. Edward Elgar Publishing, number.
