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The money-GNP link: assessing alternative transaction measures

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  • Rik Hafer

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  • Rik Hafer, 1984. "The money-GNP link: assessing alternative transaction measures," Review, Federal Reserve Bank of St. Louis, vol. 66(Mar), pages 19-27.
    • Handle: RePEc:fip:fedlrv:y:1984:i:mar:p:19-27:n:v.66no.3
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    References listed on IDEAS

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    1. Dallas S. Batten & Daniel L. Thornton, 1983. "M1 or M2: which is the better monetary target?," Review, Federal Reserve Bank of St. Louis, vol. 65(Jun), pages 36-42.
    2. Rik Hafer, 1980. "The new monetary aggregates," Review, Federal Reserve Bank of St. Louis, vol. 62(Feb), pages 25-32.
    3. Barro, Robert J & Santomero, Anthony J, 1972. "Household Money Holdings and The Demand Deposit Rate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 4(2), pages 397-413, May.
    4. Frodin, Joanna H. & Startz, Richard, 1982. "The NOW account experiment and the demand for money," Journal of Banking & Finance, Elsevier, vol. 6(2), pages 179-193, June.
    5. Keith M. Carlson & Scott E. Hein, 1980. "Monetary aggregates as monetary indicators," Review, Federal Reserve Bank of St. Louis, vol. 62(Nov), pages 12-21.
    6. Lawrence S. Davidson & Rik Hafer, 1983. "Some evidence on selecting an intermediate target of monetary policy," Working Papers 1982-010, Federal Reserve Bank of St. Louis.
    7. Klein, Benjamin, 1974. "Competitive Interest Payments on Bank Deposits and the Long-Run Demand for Money," American Economic Review, American Economic Association, vol. 64(6), pages 931-949, December.
    8. M. Bronfenbrenner, 1945. "Some Fundamentals in Liquidity Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 59(3), pages 405-426.
    9. Johannes, James M., 1981. "Testing the shift adjustment in the federal reserve's new shift adjusted M1-B," Economics Letters, Elsevier, vol. 8(4), pages 367-372.
    10. 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 ip_91-01, Rochester, Business - Industry Policy Studies.
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    Cited by:

    1. Dallas S. Batten & Rik Hafer, 1984. "Currency substitution and the link between money and GNP in the U.S.: 1972-83," Working Papers 1984-024, Federal Reserve Bank of St. Louis.
    2. Georg Rich, 1987. "Swiss and United States monetary policy: has monetarism failed?," Economic Review, Federal Reserve Bank of Richmond, vol. 73(May), pages 3-16.
    3. V. Vance Roley, 1985. "Money Demand Predictability," NBER Working Papers 1580, National Bureau of Economic Research, Inc.
    4. Luis A. Gil‐Alana, 2003. "Testing of Fractional Cointegration in Macroeconomic Time Series," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(4), pages 517-529, September.
    5. Visser, H., 1989. "The demand for money," Serie Research Memoranda 0073, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    6. Choudhry Taufiq, 2002. "Financial Innovations And Demand For United States M1 And M2 Components," International Economic Journal, Taylor & Francis Journals, vol. 16(1), pages 73-93.
    7. A. Steven Holland, 1984. "Real interest rates: what accounts for their recent rise?," Review, Federal Reserve Bank of St. Louis, vol. 66(Dec), pages 18-29.
    8. Timothy Q. Cook & Timothy D. Rowe, 1985. "Are NOWs being used as savings accounts?," Economic Review, Federal Reserve Bank of Richmond, vol. 71(May), pages 3-13.

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    Keywords

    Money supply; Gross national product;

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