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The domestic adjusted monetary base
Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2000
held, and of the amount held abroad. Most macroeconomic models that address the role of outside money as a determinant of …
Persistent link: https://www.econbiz.de/10005352832
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Construction of an estimated domestic monetary base using new estimates of foreign holdings of U.S. currency
Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 1997
This paper presents a new method to estimate the amount of U.S. currency held abroad. The method exploits the fact the Federal Reserve System is the major processor of currency for depository institutions. The method exploits differentials across denominations in the ratios of shipments to...
Persistent link: https://www.econbiz.de/10005352909
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Money and the gain from enduring relationships in the turnpike model
Ireland, Peter N. - Federal Reserve Bank of Richmond - 1994
periods. Agents use money as a means of exchange when they meet as strangers but use private securities when they remain … paired at the same trading post. Both welfare and the income velocity of money increase monotonically with the length of the …
Persistent link: https://www.econbiz.de/10004994069