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Money Matters : Broad Divisia Money and the Recovery of Nominal GDP from the Covid-19 Recession
Bordo, Michael D.; Duca, John V. - 2023
The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth because past instability in the demand for simple-sum monetary aggregates had made these aggregates unreliable indicators. We find that the demand for more theoretically-based...
Persistent link: https://www.econbiz.de/10014346628
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Money matters : broad divisia money and the recovery of U.S. nominal GDP from the COVID-19 recession
Bordo, Michael D.; Duca, John V. - 2023
Persistent link: https://www.econbiz.de/10014456226
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Money Matters : Broad Divisia Money and the Recovery of Nominal GDP from the COVID-19 Recession
Bordo, Michael D.; Duca, John V. - National Bureau of Economic Research - 2023
The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth because past instability in the demand for simple-sum monetary aggregates had made these aggregates unreliable indicators. We find that the demand for more theoretically-based...
Persistent link: https://www.econbiz.de/10014322692
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Money matters : broad divisia money and the recovery of nominal GDP from the COVID-19 recession
Bordo, Michael D.; Duca, John V. - 2023
Persistent link: https://www.econbiz.de/10014311461
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Money and velocity during financial crises : from the great depression to the great recession
Anderson, Richard G.; Bordo, Michael D.; Duca, John V. - In: Journal of economic dynamics & control 81 (2017), pp. 32-49
Persistent link: https://www.econbiz.de/10011911907
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The global velocity curve 1952 - 1982
Bordo, Michael D.; Jonung, Lars - 1986
Persistent link: https://www.econbiz.de/10000715380
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The long-run behavior of the velocity of circulation : the internat. evidence
Bordo, Michael D.; Jonung, Lars - 1987
Persistent link: https://www.econbiz.de/10000723702
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The stochastic properties of velocity : a new interpretation
Bordo, Michael D.; Jonung, Lars - 1987
Persistent link: https://www.econbiz.de/10000725130
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The "long-run behavior of velocity : the institutional approach revisited"
Bordo, Michael D.; Jonung, Lars - 1989 - Rev. November 1989
Persistent link: https://www.econbiz.de/10000779074