Exchange rates, prices and money: A long
β
Paul De Grauwe; Marianna Grimaldi
π
Article
π
2001
π
John Wiley and Sons
π
English
β 324 KB
## Abstract In this paper we analyse the longβrun proportionality and neutrality propositions between inflation and money growth and between exchange rate changes and money growth. Using a sample of 100 countries over a thirtyβyear period we find that the evidence in favour of these propositions is