A Test for Nonlinear Causality and Its Application to Money, Production and Prices (Written in Korean)
The purpose of this paper is primarily to introduce a nonparametric statistical tool developed by Baek and Brock to detect a unidirectional causal ordering between two economic variables and apply it to interesting macroeconomic relationships among money, production and prices. It can be applied to...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
1991-12-01
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| Series: | KDI Journal of Economic Policy |
| Online Access: | https://doi.org/10.23895/kdijep.1991.13.4.117 |