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Money aggregates and economic activity during the Great Depression and 2007-11

Author

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  • Belliveau, Stefan

Abstract

This working paper examines monetary aggregates as means of explaining economic activity. Comparative analysis of the Great Depression and the years 2007-11 is used to test the explanatory power of monetary aggregates in accordance with their use in monetarist explanations of the Great Depression. A conclusion from this analysis is that monetarist theory can structure monetary-aggregate data to produce useful insights about economic activity for the years 2007-11.

Suggested Citation

  • Belliveau, Stefan, 2012. "Money aggregates and economic activity during the Great Depression and 2007-11," MPRA Paper 37371, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:37371
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    File URL: https://mpra.ub.uni-muenchen.de/37644/1/MPRA_paper_37644.pdf
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    References listed on IDEAS

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    1. Barber,William J., 2006. "Designs within Disorder," Cambridge Books, Cambridge University Press, number 9780521034319.
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    More about this item

    Keywords

    Price level; money supply; monetary policy; monetarism; Great Depression;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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