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

  • Belliveau, Stefan
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    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.

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    File URL: http://mpra.ub.uni-muenchen.de/37371/1/MPRA_paper_37371.pdf
    File Function: original version
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    File URL: http://mpra.ub.uni-muenchen.de/37644/1/MPRA_paper_37644.pdf
    File Function: revised version
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    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 37371.

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    Date of creation: 15 Mar 2012
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    Handle: RePEc:pra:mprapa:37371
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