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analyses further suggest analysis annual data Bengali bivariate causal relations causal relationship causality and Error causality between money causality from income causality from money changes in income choose the equation co-integration coefficient constant term data sources Development Economics direction of causation domestic prices Error Correction Models error correction term evidence of unidirectional examine the causal F-values Causation found a bidirectional found bidirectional causality found the evidence Granger causality Hina Nazli income and prices income to money Institute of Development investigate the causal investigated causality Islamabad Keynesians long run relations long run relationship Monetarists money and bidirectional money and income money and prices money stocks money to income money to prices original series Pakistan Institute Phillips-Perron prices in Pakistan re-examine the causal Regress AY Rehana Siddiqui relationship between money reported in Table Sims stochastic properties table shows test on residuals trivariate causality approach Truncation Lag Parameters unidirectional causality variables