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Trends in velocity and policy expectations

Gordon, David B.; Leeper, Eric M.; Zha, Tao - Federal Reserve Bank of Atlanta - 1997

U.S. velocity of base money exhibits three distinct trends since 1950. After rising steadily for thirty years, it flattens out in the 1980s and falls substantially in the 1990s. This paper explores whether the observed secular movements in velocity can be accounted for exclusively by endogenous...

Persistent link: https://www.econbiz.de/10005721689

Velocity trends are influenced by policy expectations

In: Economics Update (1998) Jan, pp. 5-5

Persistent link: https://www.econbiz.de/10005501433

Monetary Instability, Lack of Integration and the Curse of a Commodity Money Standard. The German Lands, c.1400–1900 A. D.

Rössner, Philipp Robinson - In: Credit and Capital Markets 47 (2014) 2, pp. 297-340

Currency debasement, defined as a loss of precious metal content (intrinsic value) of the circulating penny currencies over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was sustained; between 1400 and 1900 A. D. the (south) German...

Persistent link: https://www.econbiz.de/10010927989

Deficit Monetisation, Output and Inflation in the United States, 1923-1982

Burdekin, Richard C.K.; Wohar, Mark E. - In: Journal of Economic Studies 17 (1990) 6, pp. 50-63

The relative impacts of the monetised and non-monetised deficit on output and inflation in the United States are … affected real GNP growth, nominal GNP growth or inflation. For the period 1961-1982, monetisation is found to have fuelled … inflation with no effect on real GNP. Non-monetised deficits provided a negative short-run impact on the rate of inflation over …

Persistent link: https://www.econbiz.de/10010616620

The remarkable stability of monetary base velocity in the United States, 1919-1999

Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2001

This analysis examines the long-run demand for the adjusted monetary base in the United States, 1919-1999. When the "price"of the base is measured by the inverse of the yield on long-term, high-quality corporate bonds and an appropriate functional form is selected, the quantity of base money...

Persistent link: https://www.econbiz.de/10005360599

Money and the U.S. economy in the 1980s: a break from the past?

Christiano, Lawrence J. - In: Quarterly Review (1986) Sum, pp. 2-13

Persistent link: https://www.econbiz.de/10005360832

The usefulness of P* measures for Japan and Germany

Kole, Linda S.; Leahy, Michael P. - Federal Reserve Board (Board of Governors of the … - 1991

economies. In general, we find that the P* approach is useful in the analysis of German inflation, but that it is less promising …

Persistent link: https://www.econbiz.de/10005368454

Velocity in the 1980s: an analysis of interactions among monetary components

Judd, John P.; Trehan, Bharat - Federal Reserve Bank of San Francisco - 1987

We use vector autoregressions to examine the behavior of the velocities of alternative monetary aggregates, focusing on the role of disinflation and deregulation during the 1980s. By estimating a single system that contains income, prices, interest rates and the components of M3, we are able to...

Persistent link: https://www.econbiz.de/10005078276

Changing money demand?

Keran, Michael - In: FRBSF Economic Letter (1976)

Persistent link: https://www.econbiz.de/10005346434

Money's second dimension

Froewiss, Kenneth - In: FRBSF Economic Letter (1977)

Persistent link: https://www.econbiz.de/10005346550

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