Money and Output
نویسندگان
چکیده
منابع مشابه
Domestic Money and US Output and Inflation
Recent empirical research found that the strong short-term relationship between monetary aggregates and US real output and inflation, as outlined in the classical study by M. Friedman and Schwartz, mostly disappeared since the early 1980s. In the light of the B. Friedman and Kuttner (1992) information value approach, we reevaluate the vanishing relationship between US monetary aggregates and th...
متن کاملMoney, Inflation, and Output Under Fiat and Commodity Standards
This study examines the behavior of money, inflation, and output under fiat and commodity standards to better understand how changes in monetary policy affect economic activity. Using long-term historical data for 15 countries, the study finds that the growth rates of various monetary aggregates are more highly correlated with inflation and with each other under fiat standards than under commod...
متن کاملState-Dependent Pricing and the Dynamics of Money and Output
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متن کاملStable Money Demand and Nominal Money Causality of Output Growth: a Multivariate Cointegration Analysis of Croatia
The paper identifies monetary economic features of the post-transition Croatian economy, with a view towards using inflation rate targeting to reach European Union (EU) inflation targets as required by EU accession. If focuses on the demand for real money balances, the Fisher equation of interest rates, and the effect of nominal money on output, for Croatia over the 1994-2002 period. The real m...
متن کاملMoney and Output Viewed Through a Rolling Window
We examine the extent to which fluctuations in the money stock anticipate (or Granger cause) fluctuations in real output using a variety of rolling window and increasing window estimation techniques. Various models are considered using simple sum as well as Divisia measures of M1 and M2, income, prices, and both the Tbill rate and the commercial paper rate. Findings indicate that the relation b...
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ژورنال
عنوان ژورنال: Journal of Business & Financial Affairs
سال: 2013
ISSN: 2167-0234
DOI: 10.4172/2167-0234.1000e131