INFLATION, MONEY, INTEREST-RATE, EXCHANGE-RATE, AND CAUSALITY - THE CASE OF EGYPT, MOROCCO, AND TUNISIA

Authors
DEME M FAYISSA B
Citation
M. Deme et B. Fayissa, INFLATION, MONEY, INTEREST-RATE, EXCHANGE-RATE, AND CAUSALITY - THE CASE OF EGYPT, MOROCCO, AND TUNISIA, Applied economics, 27(12), 1995, pp. 1219-1224
Citations number
16
Categorie Soggetti
Economics
Journal title
Applied economics → ACNP
ISSN journal
00036846
Volume
27
Issue
12
Year of publication
1995
Pages
1219 - 1224
Database
ISI
SICI code
0003-6846(1995)27:12<1219:IMIEAC>2.0.ZU;2-R
Abstract
This study provides further evidence of the inflationary effects of th e rates of growth of money supply, gross domestic product, effective e xchange rate, and imported inflation for Egypt, Morocco, and Tunisia u sing quarterly data from 1964 to 1990. In addition, it examines the Gr anger causality between inflation and money supply as well as between inflation and the real exchange rate in the countries under considerat ion. Most of the results are consistent with extant theory and empiric al evidence.