money growth might be an important determinant of cyclical developments in real GDP beyond effects already captured by short … properties are also maintained when looking at a broader set of non-monetary indicator variables. Narrow money therefore seems …. As a result, once the information from narrow money is taken into account, what matters more for the forecast performance …

's rule: short run increases in the money stock - whether through issuing spending coupons, open market operations or foreign … exchange intervention - change nothing as long as the money stock shrinks in the long run. Second, two simple ``Keynesian …

% of the US currency supply is “missing” and an estimated ten trillion dollars of cash payments can not be accounted for … include only domestically held currency. The paper defines and estimates the size of the ‘domestic money supply”. Reference …

individuals use money to make transactions, and hence microfoundations for the cash in advance constraint. We analyze the … specialized merchant, the carrier, appears and causes frictions among traders leading to the appearance of money. There are … chosen to act as money, and the level of economic development. …

Argentina’s money and banking system was hit hard by the Great Depression. The banking sector was awash with bad assets … focuses on the inside-outside money relationship in a system of fractional-reserve banking and gold-standard rules. This … insolvent, the currency board started bailing out the system using high-powered money. Thus came about the demise of the …

This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We … state of the economy. Money reveals some of the private sector’s information to the policymaker, especially if there is a … forward looking element in money demand. We show that observing money can considerably reduce the loss that is due to …

The paper provides an empirical analysis of the demand for money function in Uganda. It argues that monetary policy … economy. An error correction model is used to examine the character of the demand for money – in particular if it is stable in … order for traditional monetary policy to be effective. The evidence on Uganda suggests that the demand for money function is …