About: On the Correlations of Nominal Money and Real Output: A Simple Cross-Country Analysis1

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The relationship between real and nominal variables is a fundamental prob-lem in macroeconomics. This study examines correlations of nominal monetary aggregates (the monetary base, M1, and M2) and real output in a broad sample of countries in the 1975 # 2000 period. On average we typically observe small but statistically significantly positive correlations. For the monetary base and M1, there is a tendency of money changes to precede output changes since the half lag in money is more strongly correlated with output than the half lead in money; M1 and M2 are more strongly associated with real output than the monetary base. In high-inflation countries, the given correlations are typically negative, which indicates a possibility that very high money growth is harmful for the growth of real output. The relationship between real and nominal variables is a fundamental prob-lem in macroeconomics. This study examines correlations of nominal monetary aggregates (the monetary base, M1, and M2) and real output in a broad sample of countries in the 1975 # 2000 period. On average we typically observe small but statistically significantly positive correlations. For the monetary base and M1, there is a tendency of money changes to precede output changes since the half lag in money is more strongly correlated with output than the half lead in money; M1 and M2 are more strongly associated with real output than the monetary base. In high-inflation countries, the given correlations are typically negative, which indicates a possibility that very high money growth is harmful for the growth of real output. (en) Vztah mezi reálnými a nominálními proměnnými je v makroekonomii fundamentálním problémem. Tato studie zkoumá korelace nominálních měnových agregátů (měnové báze, M1, M2) a reálného výstupu v širokém souboru zemí v období 1975 - 2000. V průměru typicky pozorujeme malé, ale statisticky kladné korelace. Pro měnovou bázi a M1 existuje tendence k předbíhání peněžních změn před změnami produktů, protože poloviční zpoždění v penězích je silnějí korelováno s produktem než poloviční předstih v penězích; M1 a M2 jsou silněji spojené s reálným produktem než měnová báze. V zemích s vysoou inflací jsou dané korelace typicky záporné což indikuje možnost, že vlemi rychlí růst peněz je škodlivý pro růst reálného produktu. (cs)
Title	On the Correlations of Nominal Money and Real Output: A Simple Cross-Country Analysis1 On the Correlations of Nominal Money and Real Output: A Simple Cross-Country Analysis1 (en) O korelaci nominálních peněz a reálného výstupu: Jednoduchá mezistátní analýza (cs)
skos:prefLabel	On the Correlations of Nominal Money and Real Output: A Simple Cross-Country Analysis1 On the Correlations of Nominal Money and Real Output: A Simple Cross-Country Analysis1 (en) O korelaci nominálních peněz a reálného výstupu: Jednoduchá mezistátní analýza (cs)
skos:notation	RIV/62690094:18450/06:00002013!RIV08-GA0-18450___
http://linked.open.../vavai/riv/strany	126-138
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(GA402/04/0642)
http://linked.open...iv/cisloPeriodika	2
http://linked.open...vai/riv/dodaniDat	2008
http://linked.open...aciTvurceVysledku	Duczynski, Petr
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Univerzita Hradec Králové / Fakulta informatiky a managementu
http://linked.open...dnocenehoVysledku	490437
http://linked.open...ai/riv/idVysledku	RIV/62690094:18450/06:00002013
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	correlation coefficients; half-lag and half-lead growth rates; nominal monetary aggregates; real output (en)
http://linked.open.../riv/klicoveSlovo	correlation coefficients half-lag and half-lead growth rates nominal monetary aggregates real output
http://linked.open...odStatuVydavatele	SK - Slovenská republika
http://linked.open...ontrolniKodProRIV	[2FB6F16EFB91]
http://linked.open...i/riv/nazevZdroje	Ekonomický časopis
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Specific aspects of international capital movement, international trade and product growth with implications on the Czech economy
http://linked.open...UplatneniVysledku	2006
http://linked.open...v/svazekPeriodika	54
http://linked.open...iv/tvurceVysledku	Duczynski, Petr
issn	0013-3035
number of pages	13 (xsd:int)
http://localhost/t...ganizacniJednotka	18450
is http://linked.open...avai/riv/vysledek of	On the Correlations of Nominal Money and Real Output: A Simple Cross-Country Analysis1 On the Correlations of Nominal Money and Real Output: A Simple Cross-Country Analysis1

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