{"id":"https://openalex.org/W2111659541","doi":null,"title":"Money Growth and Velocity with Structural Breaks: Evidence from the Philippines","display_name":"Money Growth and Velocity with Structural Breaks: Evidence from the Philippines","publication_year":2011,"publication_date":"2011-01-01","ids":{"openalex":"https://openalex.org/W2111659541","mag":"2111659541"},"language":"en","primary_location":{"id":"pmh:oai:CiteSeerX.psu:10.1.1.392.8096","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.392.8096","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://hal.inria.fr/docs/00/78/53/95/PDF/2090-3547-1-PB.pdf","raw_type":"text"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://unilim.hal.science/hal-00785395","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5049803560","display_name":"Assad L. Baunto","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Baunto, Assad L.","raw_affiliation_strings":["School of economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of economics","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5112961959","display_name":"Christian Bordes","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210088826","display_name":"Centre d'\u00c9conomie de la Sorbonne","ror":"https://ror.org/006shqv80","country_code":"FR","type":"facility","lineage":["https://openalex.org/I11559806","https://openalex.org/I1294671590","https://openalex.org/I277688954","https://openalex.org/I4210088826","https://openalex.org/I4210150854","https://openalex.org/I51101395"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Bordes, Christian","raw_affiliation_strings":["Centre d'\u00e9conomie de la Sorbonne"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre d'\u00e9conomie de la Sorbonne","institution_ids":["https://openalex.org/I4210088826"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5015433146","display_name":"Samuel Maveyraud","orcid":"https://orcid.org/0000-0002-4497-3141","observed_orcids":["https://orcid.org/0000-0002-4497-3141"]},"institutions":[{"id":"https://openalex.org/I4210088710","display_name":"Groupe de Recherche en \u00c9conomie Th\u00e9orique et Appliqu\u00e9e","ror":"https://ror.org/0086zww50","country_code":"FR","type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I15057530","https://openalex.org/I4210088710","https://openalex.org/I4210150854"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Maveyraud-Tricoire, Samuel","raw_affiliation_strings":["Groupe de Recherche en Economie Th\u00e9orique et Appliqu\u00e9e"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Groupe de Recherche en Economie Th\u00e9orique et Appliqu\u00e9e","institution_ids":["https://openalex.org/I4210088710"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5055609528","display_name":"Philippe Rous","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405257522","display_name":"Laboratoire d'Analyse et de Prospective Economiques","ror":"https://ror.org/05c0n7t28","country_code":"FR","type":"facility","lineage":["https://openalex.org/I4405257522","https://openalex.org/I65806277"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Rous, Philippe","raw_affiliation_strings":["Laboratoire d'Analyse et de Prospective Economique"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Laboratoire d'Analyse et de Prospective Economique","institution_ids":["https://openalex.org/I4405257522"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.5016,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.89566659,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":"18","issue":null,"first_page":"71","last_page":"81"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/money-growth","display_name":"money growth","score":0.675000011920929},{"id":"https://openalex.org/keywords/velocity-of-money","display_name":"velocity of money","score":0.8379999995231628},{"id":"https://openalex.org/keywords/structural-breaks","display_name":"structural breaks","score":0.7080000042915344},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.765999972820282},{"id":"https://openalex.org/keywords/money-demand","display_name":"money demand","score":0.871999979019165},{"id":"https://openalex.org/keywords/garch-volatility","display_name":"GARCH volatility","score":0.5429999828338623},{"id":"https://openalex.org/keywords/granger-causality","display_name":"Granger causality","score":0.9639999866485596},{"id":"https://openalex.org/keywords/philippines","display_name":"Philippines","score":0.7699999809265137}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7887475490570068},{"id":"https://openalex.org/C64357122","wikidata":"https://www.wikidata.org/wiki/Q1149766","display_name":"Causality (physics)","level":2,"score":0.6176732182502747},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.55454421043396},{"id":"https://openalex.org/C130625013","wikidata":"https://www.wikidata.org/wiki/Q1323540","display_name":"Velocity of money","level":4,"score":0.5522647500038147},{"id":"https://openalex.org/C23922673","wikidata":"https://www.wikidata.org/wiki/Q180752","display_name":"Autoregressive conditional heteroskedasticity","level":3,"score":0.5124745965003967},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5123065710067749},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.4897060692310333},{"id":"https://openalex.org/C18762648","wikidata":"https://www.wikidata.org/wiki/Q42213","display_name":"Work (physics)","level":2,"score":0.4845241904258728},{"id":"https://openalex.org/C186008389","wikidata":"https://www.wikidata.org/wiki/Q7625010","display_name":"Structural break","level":2,"score":0.4738854765892029},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.40692460536956787},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3717939257621765},{"id":"https://openalex.org/C84666643","wikidata":"https://www.wikidata.org/wiki/Q3725134","display_name":"Endogenous money","level":3,"score":0.34967824816703796},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.07325482368469238},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"pmh:oai:CiteSeerX.psu:10.1.1.392.8096","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.392.8096","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://hal.inria.fr/docs/00/78/53/95/PDF/2090-3547-1-PB.pdf","raw_type":"text"},{"id":"pmh:oai:HAL:hal-00785395v1","doi":null,"is_oa":true,"landing_page_url":"https://unilim.hal.science/hal-00785395","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Philippine Management Review, 2011, 18, pp.71-81","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:hal:journl:hal-00785395","doi":null,"is_oa":false,"landing_page_url":"https://unilim.hal.science/hal-00785395v1/document","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:oskar-bordeaux.fr:20.500.12278/1688","doi":null,"is_oa":false,"landing_page_url":"https://oskar-bordeaux.fr/handle/20.500.12278/1688","pdf_url":null,"source":{"id":"https://openalex.org/S4306402569","display_name":"Oskar-Bordeaux (Universite de Bordeaux)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I15057530","host_organization_name":"Universit\u00e9 de Bordeaux","host_organization_lineage":["https://openalex.org/I15057530"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Article de revue"}],"best_oa_location":{"id":"pmh:oai:HAL:hal-00785395v1","doi":null,"is_oa":true,"landing_page_url":"https://unilim.hal.science/hal-00785395","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Philippine Management Review, 2011, 18, pp.71-81","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.5166000127792358,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":36,"referenced_works":["https://openalex.org/W1491711721","https://openalex.org/W1494449552","https://openalex.org/W1519200687","https://openalex.org/W1529398621","https://openalex.org/W1537433035","https://openalex.org/W1538231806","https://openalex.org/W1543037062","https://openalex.org/W1551139116","https://openalex.org/W1561944664","https://openalex.org/W1588163064","https://openalex.org/W1931961036","https://openalex.org/W1965438552","https://openalex.org/W1995413348","https://openalex.org/W1999996900","https://openalex.org/W2001894836","https://openalex.org/W2006516183","https://openalex.org/W2016055850","https://openalex.org/W2020850080","https://openalex.org/W2027071639","https://openalex.org/W2042570016","https://openalex.org/W2056486111","https://openalex.org/W2079896696","https://openalex.org/W2096561274","https://openalex.org/W2097176255","https://openalex.org/W2118273556","https://openalex.org/W2119843973","https://openalex.org/W2144380346","https://openalex.org/W2149292156","https://openalex.org/W2158248723","https://openalex.org/W2163937387","https://openalex.org/W2165930854","https://openalex.org/W2178225550","https://openalex.org/W2328410201","https://openalex.org/W3121402413","https://openalex.org/W3121822346","https://openalex.org/W3122153921"],"related_works":["https://openalex.org/W7111008431","https://openalex.org/W1529398621","https://openalex.org/W1998697835","https://openalex.org/W1603444016","https://openalex.org/W7034926172","https://openalex.org/W2254117980","https://openalex.org/W2076334041","https://openalex.org/W1979645381","https://openalex.org/W2056486111","https://openalex.org/W1561944664"],"abstract_inverted_index":{"This":[0],"paper":[1],"aims":[2],"to":[3,34,61,73],"test":[4],"the":[5,9,12,25,38,52,63,75],"Friedmanite":[6,76],"proposal":[7],"on":[8,24],"link":[10],"between":[11],"velocity":[13,53],"of":[14,54,65],"money":[15,18,55,66],"demand":[16,56],"and":[17,57],"growth.":[19,67],"We":[20,40,68],"base":[21],"our":[22],"work":[23],"Philippines":[26],"as":[27],"its":[28],"monetary":[29],"policy":[30],"has":[31],"been":[32],"subject":[33],"sharp":[35],"swings":[36],"since":[37],"1980s.":[39],"use":[41],"a":[42,58],"method":[43],"that":[44],"takes":[45],"into":[46],"account":[47],"possible":[48],"structural":[49],"breaks":[50],"in":[51],"GARCH":[59],"model":[60],"evaluate":[62],"variability":[64],"apply":[69],"Granger":[70],"causality":[71],"tests":[72],"confirm":[74],"hypothesis":[77]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-05T12:25:35.769452","created_date":"2016-06-24T00:00:00"}