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Recent behavior of velocity: alternative measures of money

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Author Info
John B. Carlson
Susan M. Byrne

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Abstract

An examination of the relationship between velocity and interest rates for two alternative measures of money, and an analysis of the effects of thrift restructuring on money demand.

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File URL: http://clevelandfed.org/Research/Review/1992/92-q1-carlson.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review.

Volume (Year): (1992)
Issue (Month): Q I ()
Pages: 2-10
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Handle: RePEc:fip:fedcer:y:1992:i:qi:p:2-10:n:v.28no.1

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Related research
Keywords: Velocity of money ; Money supply;

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.:

  1. 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:
  2. John B. Carlson, 1989. "The stability of money demand, its interest sensitivity, and some implications for money as a policy guide," Economic Review, Federal Reserve Bank of Cleveland, issue Q III, pages 2-13. [Downloadable!]
  3. 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:
  4. Brian Motley, 1988. "Should M2 be redefined?," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 33-51. [Downloadable!]
  5. Jeffrey J. Hallman & Richard D. Porter & David H. Small, 1989. "M2 per unit of potential GNP as an anchor for the price level," Staff Studies 157, Board of Governors of the Federal Reserve System (U.S.).
  6. 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:
  7. Charles T. Carlstrom & Edward N. Gamber, 1990. "Does the Fed cause Christmas?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jan 1. [Downloadable!]
  8. John V. Duca, 1992. "The case of the "missing M2."," Research Paper 9202, Federal Reserve Bank of Dallas. [Downloadable!]
    Other versions:
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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.)

  1. Laurence Ball, 2002. "Short-run Money Demand," Economics Working Paper Archive 481, The Johns Hopkins University,Department of Economics. [Downloadable!]
    Other versions:
  2. Martin B. Schmidt, 2003. "Money and prices: evidence from the G7 countries," Applied Economics, Taylor and Francis Journals, vol. 35(17), pages 1799-1809, November. [Downloadable!] (restricted)
  3. John V. Duca, 1993. "Should bond funds be included in M2?," Research Paper 9321, Federal Reserve Bank of Dallas. [Downloadable!]
  4. Tom Stark, 1998. "A Bayesian vector error corrections model of the U.S. economy," Working Papers 98-12, Federal Reserve Bank of Philadelphia. [Downloadable!]
Statistics
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