UGC recognized list of journal on Dated 02-5-2018: Research Journal of Humanities and Social Sciences (RJHSS) ( Sr. No. 10598 ); International Journal of Reviews and Research in Social Sciences ( Sr. No. 10605) (04-May-2018)        |

Volume No. :   9

Issue No. :  3

Year :  2018

ISSN Print :  2321-5828

ISSN Online :  0975-6795


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Revisiting the Short-run and Long-run Relationship between Money Supply, Price Level and Economic Growth: Empirical Evidence from India



Address:   Dr. Rajeshwari U R
Assistant Professor, Department of Economics, Christ University, Bangalore 560029
*Corresponding Author
DOI No: 10.5958/2321-5828.2018.00097.9

ABSTRACT:
The relationship between money supply, price and economic growth is always an important subject in the field of monetary economics. Because of the importance of economic growth, persistent concern has been given by many monetary economists to the relationship of money supply, price and economic growth. This study seeks to examine the short-run and long – run relationship between Money Supply, Price Level and Economic Growth. The time period of the study is from 1970 to 2014. The main source of data is the RBI Annual Reports and Labour Bureau Statistics. The measure of money supply used is the broad one. As far as prices are concerned, Consumer Price Index (CPI) has been used to represent the movements in prices. The finding drawn from the results sDhow that there is long run relationship exists between real GDP, Money supply and Price. JEL classification codes: E52, E2, E31, E51, E52, E58
KEYWORDS:
Macroeconomic, equilibrium
Cite:
Rajeshwari U R. Revisiting the Short-run and Long-run Relationship between Money Supply, Price Level and Economic Growth: Empirical Evidence from India. Res. J. Humanities and Social Sciences. 2018; 9(3): 580-584.
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