Managing stable macroeconomic environment is a critical challenge to many developing countries. The gap both in theoretical and empirical knowledge about macroeconomics in the context of developing countries only aggravated the problem. This book tries to narrow the gap. The relationship among three important macro variables in the Ethiopian economy - GDP, price and money - is investigated. The empirical estimates are based on data covering the period 1964-2005. Longrun neutrality test results from bivariate SVAR models depend on identifying assumptions. The CVAR approach applied to the...
Managing stable macroeconomic environment is a critical challenge to many developing countries. The gap both in theoretical and empirical knowledge ab...
