qL(xq]& gFbj/rU@b//Ge_13 Aug 2007 17:03xiceyftzdroomsinitialpoprateinvrncyschool%9.0g %9.0g %9.0g %9.0g %9.0g %9.0g %9.0g growth rate of money supply = change ln(m)@?z>Hz?@fff@33@z@>9>growth rate of prices = change ln(p)ln(m)@?z>Hz?@fff@33@z@>9>growth rate of output = change ln(q)ln(m)@?z>Hz?@fff@33@z@>9>initial level of GDP per capitan(q)ln(m)@?z>Hz?@fff@33@z@>9>average population growth raten(q)ln(m)@?z>Hz?@fff@33@z@>9>average investment share of GDPn(q)ln(m)@?z>Hz?@fff@33@z@>9>a measure of the population's educational attainmentz?@fff@33@z@>9>:_dtaled'oled'ercooled' `all' note1aT/|\bzThe authors kindly thank Harold J. Brumm for providing the data used in his article "Money Growth, Output Growth, and Inflation: A Reexamination of the Modern Quantity Theory's Linchpin Prediction," Southern Economic Journal, 2005, 71(3), 661-667.D_dtaled'oled'ercooled' `all' note0aT/|\bz1YCf&CL?E@33?C:>?8A33@ffF@ҥ@?z>Hz?@fff@33@z@>9>?A Aff@S>ff@"=(?@33?,@Q?@@9>>OC;Č?a?ff@2.>{.?ADAAj>Y@b>ff&?ffF@@?333@L>?Ay@ff&@?5@?Ttd> ׃?`@ff@?Q>@|=ף0?33@333?@ ?33@M >p>A̠A33@;@?+%>?̜@,@ ?9@&>q=?A̰Afff@/?333@>̌?A33@@@=MN>u?ffAA333@jt? @0*i>G?33B!B@M? @2wm>Qx?33AYA@>@<>ף0?AA???ff&>H:?PA333@ff?>,@f={.>ff6A@@V@>TR>?ffF@??M??j>?AA@->l@8>>@,@ff&@@L>R>?(BB`@9?33S@3ı=(?ffAffAff???33s>?ffAffA?M?9@U>z?33oBjB@n>@&q>>dA33A9@|??ffF@MD>{n?A33 Aff@r?@xi>Q8?ffAA@j>?y>@?33ÄAff&@^!@`@>ף0?@@33s@H"@>x>?33B̌B33@ˡ5@33@b> ף?(A A @yN@=}s>̌? @?=?5>?l@(~L>\B?ffA33A33@j?fff?S>Y?33A?@K@?䃞>?33AffA33s@ף>33S@w> #?33A@Aף0?̌?e>ff?ffA\A@Hz>9@mV>33s?33ÀAfff?9(?33S@;=zT?̔AxA@@!r>L@Uh>>IA @ff@/? @s>h?ff@̌@33?>@@[B>>>ff.A33A@>ff&@EG> #>̬A A@7?fff?ۊ}>̌?33gBgB?J @33@u`>?33[A33@l@ ? @ h>?|AAL?>ff@">R^?33A8A@j>ff&@Y5>>y@ff?sh>33S@&>)\>A̤A,@O ?9@r(>{>A33@ff&@1@>Ș>?33cA@@?333@7>G>33 A@ffF@%? @su>?BA333@-}?ffF@$|>?LC CI?ff@mt>?33AYA33?w_?33@Kw>?A33A@@y?=!>Hz?AY@̌?#y>333@>333?ff@̜@333@7A?,@&>(>dBffvB̌?;ߏ> @'>{>XA @@?̌?P>ff?̄A33kAfff? (@@„>u?9AffAffF@33@>TRg>p?yA1A@Xy??Vl>p}?@@?Ĥ@>S>Qx?ff@33s@33?!@L?t>= W?A@33A 0??>)\O?L@l@333?z>@@`v>Q8?xA33@l@Z?33@ҍ>?ffrBVB33@ף?33@eb>?ff@33s@,@(@?$>?33BffBff?XQ@?\>?A33Aff@#۩@ @5>ףp?