Friedman's Money Supply Volatility Hypothesis: Some International Evidence
对主要工业国家的格兰杰因果检验表明，货币供给波动对预测收入流通速度帮助不大；九国数据中六国无证据，三国证据不稳健。
Results of Granger-causality tests on data for the major industrial countries indicate that the volatility of the money supply is of little help in predicting income velocity. Results from nine industrial countries find no evidence of such a relationship in six cases and in the remaining three cases the evidence of a relationship was not found to be robust to changes in sample period. Copyright 1995 by Ohio State University Press.