Money aggregates and economic activity during the Great Depression and 2007-11
AbstractThis 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 37371.
Date of creation: 15 Mar 2012
Date of revision:
Price level; money supply; monetary policy; monetarism; Great Depression;
Find related papers by 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-28 (All new papers)
- NEP-MAC-2012-03-28 (Macroeconomics)
- NEP-MON-2012-03-28 (Monetary Economics)
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.:
- Barber,William J., 1996. "Designs within Disorder," Cambridge Books, Cambridge University Press, number 9780521560788, December.
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