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The demand for M2, opportunity cost, and financial change Author info | Abstract | Publisher info | Download info | Related research | Statistics John B. Carlson
Sharon E. Parrott
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An analysis of the recent weakness in M2 growth that attempts to measure the opportunity cost of the aggregate more accurately and that explores the potential effects of the thrift industry restructuring on the adjustment of money demand to its long-run equilibrium level.
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Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review .
Volume (Year): (1991)
Issue (Month): Q II ()
Pages: 2-11
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Handle: RePEc:fip:fedcer:y:1991:i:qii:p:2-11:n:v.27no.2Contact details of provider: Postal: 1455 East 6th St., Cleveland OH 44114 Phone: 216.579.2000 Web page: http://www.clevelandfed.org/ More information through EDIRC
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Keywords: Money supply ; Savings and loan associations ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
David H. Small & Richard D. Porter, 1989.
"Understanding the behavior of M2 and V2 ,"
Federal Reserve Bulletin ,
Board of Governors of the Federal Reserve System (U.S.), issue Apr, pages 244-254.
David F. Hendry & Neil R. Ericsson, 1990.
"Modeling the demand for narrow money in the United Kingdom and the United States ,"
International Finance Discussion Papers
383, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions: Fred Furlong & Bharat Trehan, 1990.
"Interpreting recent money growth ,"
FRBSF Economic Letter ,
Federal Reserve Bank of San Francisco, issue Sep 28.
[Downloadable!]
Kane, Edward J, 1978.
"Getting Along without Regulation Q: Testing the Standard View of Deposit-Rate Competition during the "Wild-Card Experience." ,"
Journal of Finance ,
American Finance Association, vol. 33(3), pages 921-32, June.
[Downloadable!] (restricted)
Dennis Hoffman & Robert H. Rasche, 1989.
"Long-run Income and Interest Elasticities of Money Demand in the United States ,"
NBER Working Papers
2949, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Poole, William, 1988.
"Monetary Policy Lessons of Recent Inflation and Disinflation ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 2(3), pages 73-100, Summer.
[Downloadable!] (restricted)
Other versions: Stephen M. Goldfeld, 1973.
"The Demand for Money Revisited ,"
Brookings Papers on Economic Activity ,
Economic Studies Program, The Brookings Institution, vol. 4(1973-3), pages 577-646.
[Downloadable!]
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Cara S. Lown & Stavros Peristiani & Kenneth J. Robinson, 1999.
"What was behind the M2 breakdown? ,"
Staff Reports
83, Federal Reserve Bank of New York.
[Downloadable!]
Other versions: Peter N. Ireland, 1992.
"Endogenous financial innovation and the demand for money ,"
Working Paper
92-03, Federal Reserve Bank of Richmond.
[Downloadable!]
Other versions: John B. Carlson & Dennis L. Hoffman & Benjamin D. Keen & Robert H. Rasche, 1999.
"Results of a study of the stability of cointegrating relations comprised of broad monetary aggregates ,"
Working Paper
9917, Federal Reserve Bank of Cleveland.
[Downloadable!]
Other versions:
Carlson, John B. & Hoffman, Dennis L. & Keen, Benjamin D. & Rasche, Robert H., 2000.
"Results of a study of the stability of cointegrating relations comprised of broad monetary aggregates ,"
Journal of Monetary Economics ,
Elsevier, vol. 46(2), pages 345-383, October.
[Downloadable!] (restricted) Evan F. Koenig, 1996.
"Forecasting M2 growth: an exploration in real time ,"
Economic and Financial Policy Review ,
Federal Reserve Bank of Dallas, issue Q II, pages 16-26.
[Downloadable!]
Yash P. Mehra, 1995.
"A federal funds rate equation ,"
Working Paper
95-03, Federal Reserve Bank of Richmond.
[Downloadable!]
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