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Money's Role in the Monetary Business Cycle

Ireland, Peter - Department of Economics, Boston College - 2000

A small, structural model of the monetary business cycle implies that real money balances enter into a correctly … implies that empirical measures of real balances must be adjusted for shifts in money demand to accurately isolate and … quantify the dynamic effects of money on output and inflation. Maximum likelihood estimates of the model's parameters take both …

Persistent link: https://www.econbiz.de/10005074073

THE S-S ECONOMY: AGGREGATION, SPEED OF CONVERGENCE AND MONETARY POLICY EFFECTIVENESS

CABALLERO, R.J.; ENGEL, E.M.R.A. - Department of Economics, School of Arts and Sciences - 1989

Persistent link: https://www.econbiz.de/10005687473

The Italian Business Cycle: Coincident and Leading Indicators and Some Stylized Facts.

Altissimo, F.; Marchetti, D.J.; Oneto, G.P. - Banca d'Italia - 2000

This paper analyses the business cycle properties of 183 time series relevant to the Italian economy, including real, monetary and international variables. We propose new monthly coincident and leading composite indicators for the Italian business cycle; the leading indicator anticipates the...

Persistent link: https://www.econbiz.de/10005486716

Market lessons for avoiding the next currency crash: lessons from Asia

Persaud, Avinash - In: Conference Series ; [Proceedings] 42 (1998) Jun, pp. 194-205

Persistent link: https://www.econbiz.de/10005498297

Money, politics and the post-war business cycle

Faust, Jon; Irons, John - Federal Reserve Board (Board of Governors of the … - 1996

While macroeconometricians continue to dispute the size, timing, and even the existence of effects of monetary policy, political economists often find large effects of political variables and often attribute the effects to manipulation of the Fed. Since the political econometricians often use...

Persistent link: https://www.econbiz.de/10005498761

MONEY AND BUSINESS CYCLES A REAL BUSINESS CYCLE INTERPRETATION.

PLOSSER, C.I. - University of Rochester - Center for Economic Research … - 1989

Persistent link: https://www.econbiz.de/10005503995

Unanticipated money growth and the business cycle reconsidered

Cooley, Thomas F.; Hansen, Gary D. - In: Proceedings (1997) Nov, pp. 624-652

Persistent link: https://www.econbiz.de/10005420280

A Monetary Model with Strong Liquidity Effects

Hagedorn, Marcus - Institut für Volkswirtschaftslehre, … - 2007

This paper studies the joint business cycle dynamics of in ation, money growth, nominal and real interest rates and the … velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to …

Persistent link: https://www.econbiz.de/10005585653

Testing for Common Cycles in Money, Nominal Income and Prices.

Hall, S.; Sheperd, D. - Department of Economics, Faculty of Business and Economics - 1999

In the first section the authors discuss the nature of cyclical features and the distinction between the traditional analysis of co-movement discussed in the business cycles literature and the more recent common cycles analysis. Section 2 examines the nature of the data used in the estimation...

Persistent link: https://www.econbiz.de/10005587675

The Monetary Transmission Mechanism.

Benhabib, J.; Farmer, R.E.A. - C.V. Starr Center for Applied Economics, Department of … - 1996

Most authors have attributed the real effects of money in the short run either to mistaken expectations or to non … competitive market clearing model in which money enters the production function is fully capable of mimicking the broad features …

Persistent link: https://www.econbiz.de/10005605583