Some further results on the source of shift in M1 demand in the 1980s

What caused the observed shift of M1 demand in the 1980s? Rival candidate explanations stress (1) M1 growth volatility, (2) disinflation, (3) rising real value of stocks, (4) rising volume of financial transactions, (5) rising household financial wealth, and (6) introduction into M1 of interest-bearing checkable deposits. The evidence presented here supports item six only.

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Year of publication:	1989
Authors:	Mehra, Yash P.
Published in:	Economic Review. - Federal Reserve Bank of Richmond. - 1989, Sep, v. 75, no. 5, p. 3-13
Publisher:	Federal Reserve Bank of Richmond
Subject:	Money supply

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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