Null Hypothesis: | Observations | F-Statistic |
Money Supply does not Granger Cause inflation | 140 | 6.3794*** |
Inflation does not Granger Cause money supply | 2.2681 | |
Real GDP does not Granger Cause inflation | 140 | 2.9881** |
Inflation does not Granger Cause Real GDP | 0.3601 | |
Interest rate does not Granger Cause Inflation | 140 | 3.8017*** |
Inflation does not Granger Cause interest rate | 0.1829 | |
Fiscal deficit financing does not Granger Cause inflation | 140 | 3.2186** |
Inflation does not Granger Cause Fiscal deficit financing | 0.0983 | |
Exchange rate depreciation does not Granger Cause inflation | 140 | 2.1505** |
Inflation does not Granger Cause exchange rate depreciation | 0.2071 |