This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic … monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results … indicate that the main monetary instrument in the U.S., the Federal Fund Rate, Granger causes China’s output. A second monetary …

whether money growth Granger-causes output growth in the United States. We find surprisingly strong evidence for a money-output …-of-sample forecasting ; granger causality ; money ; output ; federal reserve ; Volcker …

interest rate uncertainty for the U.S. -- Monetary policy ; reaction functions; state-space models ; output-gap forecasts …

fell to unprecedented low levels in the 1980s and remained low while uncertainty about future output and inflation declined …

autoregressive model. In a high inflation regime the standard results from the literature obtain. In a low inflation regime output …

This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates …

This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates …