We study the contribution of money to business cycle fluctuations in the US, the UK, Japan, and the Euro area using a … contribution changes over time. Models giving money no role provide a distorted representation of the sources of cyclical …

. Contrary to a number of recent similar papers estimated with US and euro-area data, we find that real money balances contribute …

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 …

Fifty years ago, Friedman and Schwartz presented evidence of pro-cyclical movements in the money stock, exhibiting a … money and output during each of these three periods. …

We study the contribution of money to business cycle fluctuations in the US, the UK, Japan, and the Euro area using a … contribution changes over time. Models giving money no role provide a distorted representation of the sources of cyclical …

We study the contribution of money to business cycle fluctuations in the US, the UK, Japan, and the Euro area using a … contribution changes over time. Models giving money no role provide a distorted representation of the sources of cyclical …

We study the contribution of the stock of money to the macroeconomic outcomes of the 1990s in Japan using a small scale …. Models which give money no role give a distorted representation of the sources of cyclical fluctuations. The severe …

We study the contribution of the stock of money to the macroeconomic outcomes of the 1990s in Japan using a small scale …. Models which give money no role give a distorted representation of the sources of cyclical fluctuations. The severe …