Belliveau, Stefan (2012): Money aggregates and economic activity during the Great Depression and 2007-11.
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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.
|Item Type:||MPRA Paper|
|Original Title:||Money aggregates and economic activity during the Great Depression and 2007-11|
|Keywords:||Price level; money supply; monetary policy; monetarism; Great Depression|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation
N - Economic History > N1 - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations > N12 - U.S.; Canada: 1913-
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General
|Depositing User:||Stefan Belliveau|
|Date Deposited:||15. Mar 2012 13:23|
|Last Modified:||13. Feb 2013 00:58|
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