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The money-GNP link: assessing alternative transaction measures


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  • R. W. Hafer


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Bibliographic Info

Article provided by Federal Reserve Bank of St. Louis in its journal Review.

Volume (Year): (1984)
Issue (Month): Mar ()
Pages: 19-27

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Handle: RePEc:fip:fedlrv:y:1984:i:mar:p:19-27:n:v.66no.3

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Keywords: Money supply ; Gross national product;


References listed on IDEAS
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  1. Meltzer, A.H. & Heinemann, H.E. & Jordan, J.L. & Levy, M.D. & Plosser, C.I. & Poole, W. & Rasche, R.H. & Schwartz, A.J., 1991. "Shadow Open Market Committee; Policy Statement and Position Papers," Papers, Rochester, Business - Industry Policy Studies ip_91-01, Rochester, Business - Industry Policy Studies.
  2. Keith M. Carlson & Scott E. Hein, 1980. "Monetary aggregates as monetary indicators," Review, Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, issue Nov, pages 12-21.
  3. Barro, Robert J & Santomero, Anthony J, 1972. "Household Money Holdings and The Demand Deposit Rate," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 4(2), pages 397-413, May.
  4. Dallas S. Batten & Daniel L. Thornton, 1983. "M1 or M2: which is the better monetary target?," Review, Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, issue Jun, pages 36-42.
  5. Lawrence S. Davidson & R. W. Hafer, 1983. "Some evidence on selecting an intermediate target of monetary policy," Working Papers, Federal Reserve Bank of St. Louis 1982-010, Federal Reserve Bank of St. Louis.
  6. Frodin, Joanna H. & Startz, Richard, 1982. "The NOW account experiment and the demand for money," Journal of Banking & Finance, Elsevier, Elsevier, vol. 6(2), pages 179-193, June.
  7. R. W. Hafer, 1980. "The new monetary aggregates," Review, Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, issue Feb, pages 25-32.
  8. Klein, Benjamin, 1974. "Competitive Interest Payments on Bank Deposits and the Long-Run Demand for Money," American Economic Review, American Economic Association, American Economic Association, vol. 64(6), pages 931-49, December.
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Cited by:
  1. Dallas S. Batten & R. W. Hafer, 1984. "Currency substitution and the link between money and GNP in the U.S.: 1972-83," Working Papers, Federal Reserve Bank of St. Louis 1984-024, Federal Reserve Bank of St. Louis.
  2. Visser, H., 1989. "The demand for money," Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics 0073, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  3. Choudhry Taufiq, 2002. "Financial Innovations And Demand For United States M1 And M2 Components," International Economic Journal, Taylor & Francis Journals, Taylor & Francis Journals, vol. 16(1), pages 73-93.
  4. Timothy Q. Cook & Timothy D. Rowe, 1985. "Are NOWs being used as savings accounts?," Economic Review, Federal Reserve Bank of Richmond, Federal Reserve Bank of Richmond, issue May, pages 3-13.
  5. A. Steven Holland, 1984. "Real interest rates: what accounts for their recent rise?," Review, Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, issue Dec, pages 18-29.


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