This book deals mainly with econometric work between output and money supply in India for the period 1950-91. The author follows the works of rational expectations like Lucas, Sargen, N. Wallace. Expectations are given weightage in determining the output with the supply of money. The money supply over the period is divided into two parts ; anticipated part and unanticipated part. This book devotes an in-depth study to examine how far and to what extent the output ...
