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Money and output : Friedman and Schwartz revisited
Belongia, Michael T.; Ireland, Peter N. - 2015
Persistent link: https://www.econbiz.de/10011428709
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Globally correlated nominal fluctuations
Henriksen, Espen; Kydland, Finn E.; Šustek, Roman - In: Journal of monetary economics 60 (2013) 6, pp. 613-631
Persistent link: https://www.econbiz.de/10010253096
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Globally Correlated Nominal Fluctuations
Henriksen, Espen - 2013
Cyclical fluctuations in nominal variables|aggregate price levels and nominal interest rates are documented to be substantially more synchronized across countries than cyclical fluctuations in real output. A transparent mechanism that can account for this striking feature of the nominal...
Persistent link: https://www.econbiz.de/10013075189
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Globally Correlated Nominal Fluctuations
Henriksen, Espen - 2009
Cyclical fluctuations in nominal variables--aggregate price levels and nominal interest rates--are documented to be substantially more synchronized across countries than cyclical fluctuations in real output. A transparent mechanism that can account for this striking feature of the nominal...
Persistent link: https://www.econbiz.de/10013158041
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Money and Output : Friedman and Schwartz Revisited
Belongia, Michael T. - 2015
More than fifty years ago, Friedman and Schwartz examined historical data for the United States and found evidence of pro-cyclical movements in the money stock, which led corresponding movements in output. We find similar correlations in more recent data; these appear most clearly when Divisia...
Persistent link: https://www.econbiz.de/10013010288
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Globally Correlated Nominal Fluctuations
Henriksen, Espen - 2009
Cyclical fluctuations in nominal variables--aggregate price levels and nominal interest rates--are documented to be substantially more synchronized across countries than cyclical fluctuations in real output. A transparent mechanism that can account for this striking feature of the nominal...
Persistent link: https://www.econbiz.de/10012463527
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Money and Output : Friedman and Schwartz Revisited
Belongia, Michael T. - 2015
More than fifty years ago, Friedman and Schwartz examined historical data for the United States and found evidence of pro-cyclical movements in the money stock, which led corresponding movements in output. We find similar correlations in more recent data; these appear most clearly when Divisia...
Persistent link: https://www.econbiz.de/10012456875
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Optimal Monetary Policy and the Correlation between Prices and Output
Cover, James Peery; Pecorino, Paul - 2003
Several empirical papers have established the fact of a negative price-output correlation for the United States in the … post WWII era. Much of this work appears to interpret the sign of this correlation under the assumption that monetary … affects the price-output correlation. The model is capable of explaining why the price-output correlation in the United States …
Persistent link: https://www.econbiz.de/10014086852
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Optimal monetary policy and the correlation between prices and output
Cover, James Peery (contributor); Pecorino, Paul (contributor) - In: Contributions to macroeconomics 3 (2003) 1
Persistent link: https://www.econbiz.de/10001780830
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Understanding asset correlations
Burkhardt, Dominic; Hasseltoft, Henrik - 2012 - This draft: September 2012
We document an inverse relation between stock-bond correlations and correlations of growth and inflation. We find that rising inflation uncertainty lowers stock prices but can either lower or raise nominal bond prices depending on whether inflation is counter- or procyclical. We show that the...
Persistent link: https://www.econbiz.de/10009684165