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substantial extent by real variables, such as the terms of trade and oil prices, and nominal variables, such as the money supply …
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We reassess the relationship between money and output using quarterly data from the US economy. We use several tools …
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We study the contribution of money to business cycle fluctuations in the US, the UK, Japan, and the Euro area using a … contribution changes over time. Models giving money no role provide a distorted representation of the sources of cyclical …
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