Business cycle theory
In: The international library of critical writings in economics 58
In: An Elgar reference collection
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In: The international library of critical writings in economics 58
In: An Elgar reference collection
In: Working papers of the Federal Reserve Bank of Cleveland 9115
In: American economic review, Band 96, Heft 5, S. 1373-1383
ISSN: 1944-7981
In: Journal of economic dynamics & control, Band 18, Heft 3-4, S. 849-864
ISSN: 0165-1889
In: Carnegie Rochester Conference series on public policy: a bi-annual conference proceedings, Band 21, S. 225-230
ISSN: 0167-2231
In: Carnegie Rochester Conference series on public policy: a bi-annual conference proceedings, Band 21, S. 173-208
ISSN: 0167-2231
In: Public choice, Band 41, Heft 1, S. 229-235
ISSN: 1573-7101
In: Carnegie Rochester Conference series on public policy: a bi-annual conference proceedings, Band 17, S. 57-65
ISSN: 0167-2231
En: Journal of political economy. 1977. n. 3 : 473-491 p. 0022-3808
BASE
En: Journal of political economy. 1977. n. 3 : 473-491 p. 0022-3808
BASE
In: American economic review, Band 90, Heft 5, S. 1125-1135
ISSN: 1944-7981
We ask whether the following observations may result from endogenously determined fluctuations in the money multiplier rather than a causal influence of money on output: (i) M1 is positively correlated with real output; (ii) the money multiplier and deposit-to-currency ratio are positively correlated with output; (iii) the price level is negatively correlated with output; (iv) the correlation of M1 with contemporaneous prices is substantially weaker than the correlation of M1 with real output; (v) correlations among real variables are essentially unchanged under different monetary-policy regimes; and (vi) real money balances are smoother than money-demand equations would predict. (JEL E300, E510)
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Working paper