Money and output: New evidence based on wavelet coherence

We reassess the relationship between money and output using quarterly data from the US economy. We use several tools based on wavelets, the wavelet power transform and the wavelet coherence with which we analyze this relationship in both time and frequency. We find evidence of a weaker relationship within the Great Moderation as well as a stronger relationship during the Great Recession.

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Year of publication:	2012
Authors:	Caraiani, Petre
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 3, p. 547-550
Publisher:	Elsevier
Subject:	Business cycles \| Money \| Wavelets

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Type of publication:	Article
Classification:	E32 - Business Fluctuations; Cycles ; E4 - Money and Interest Rates
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594133