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A Note on Causality Between Money,Wages and Prices in Australia* |
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| Authors: | JULIAN M. ALSTON JAMES A. CHALFANT |
| Abstract: | Lead and lag relationships between money, wages. and prices are examined using Australian data. Granger causality tests support univariate causality running from money to both wages and prices. This result is consistent with a monetarist explanation of inflation. |
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