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The multiplier approach to the money supply process: a precautionary note

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  • Michelle R. Garfinkel
  • Daniel L. Thornton

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  • Michelle R. Garfinkel & Daniel L. Thornton, 1991. "The multiplier approach to the money supply process: a precautionary note," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 47-64.
  • Handle: RePEc:fip:fedlrv:y:1991:i:jul:p:47-64
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    References listed on IDEAS

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    1. R. W. Hafer & Scott E. Hein & Clemens J. M. Kool, 1983. "Forecasting the money multiplier: implications for money stock control and economic activity," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 22-33.
    2. Belongia, Michael T & Chalfant, James A, 1989. "The Changing Empirical Definition of Money: Some Estimates from a Model of the Demand for Money Substitutes," Journal of Political Economy, University of Chicago Press, vol. 97(2), pages 387-397, April.
    3. Karl Brunner & Allan H. Meltzer, 1964. "Some Further Investigations Of Demand And Supply Functions For Money," Journal of Finance, American Finance Association, vol. 19(2), pages 240-283, May.
    4. Philip Cagan, 1958. "The Demand for Currency Relative to Total Money Supply," NBER Chapters,in: The Demand for Currency Relative to Total Money Supply, pages 1-37 National Bureau of Economic Research, Inc.
    5. Daniel L. Thornton, 1982. "Simple analytics of the money supply process and monetary control," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 22-39.
    6. Johannes, James M. & Rasche, Robert H., 1979. "Predicting the money multiplier," Journal of Monetary Economics, Elsevier, vol. 5(3), pages 301-325, July.
    7. Hess, Alan C, 1971. "An Explanation of Short-Run Fluctuations in the Ratio of Currency to Demand Deposits," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 3(3), pages 666-679, August.
    8. Anatol Balbach, 1981. "How controllable is money growth," Review, Federal Reserve Bank of St. Louis, issue Apr, pages 3-12.
    9. Charles I. Plosser, 1989. "Money and business cycles: a real business cycle interpretation," Proceedings, Federal Reserve Bank of St. Louis.
    10. Dotsey, Michael, 1988. "The Demand for Currency in the United States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(1), pages 22-40, February.
    11. John A. Tatom, 1980. "Issues in measuring an adjusted monetary base," Review, Federal Reserve Bank of St. Louis, issue Dec, pages 11-29.
    12. Kenneth C. Carraro & Daniel L. Thornton, 1986. "The cost of checkable deposits in the United States," Review, Federal Reserve Bank of St. Louis, issue Apr, pages 19-27.
    13. Phillip Cagan, 1958. "The Demand for Currency Relative to the Total Money Supply," Journal of Political Economy, University of Chicago Press, vol. 66, pages 303-303.
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    Cited by:

    1. Prakash Kumar Shrestha Ph.D., 2013. "An Empirical Analysis of Money Supply Process in Nepal," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 25(2), pages 17-42, October.
    2. R.W. Hafer & Joseph H. Haslag & Scott E. Hein, 1994. "Monetary policy and recent business-cycle experience," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q III, pages 14-28.
    3. Gabriel Di Bella & David Hauner, 2005. "How Useful is Monetary Econometrics in Low-Income Countries? T+L3104he Case of Money Demand and the Multipliers in Rwanda," IMF Working Papers 05/178, International Monetary Fund.
    4. Jafar HAGHIGHAT, 2011. "How Much Control Dose Central Bank of Iran over Money Supply?," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(7), pages 1-29, December.
    5. Michael T. Belongia, 1992. "Selecting an intermediate target variable for monetary policy when the goal is price stability," Working Papers 1992-008, Federal Reserve Bank of St. Louis.
    6. Gauger, Jean, 1998. "Economic Impacts on the Money Supply Process," Journal of Macroeconomics, Elsevier, vol. 20(3), pages 553-577, July.
    7. Gulbin Sahinbeyoglu, 1996. "The Stability of Money Multiplier : A Test for Cointregration," Discussion Papers 9603, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.

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    Keywords

    Money supply;

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