The Money Stock, the Price Level and Real Output: A Trivariate Analysis

This study investigates the effects of monetary changes on the U.S. economy. The emphasis is on establishing a causal flow from the money supply (nominal variable) to the two components of nominal output--the price level and real output (real variable). Test results indicate that the impact of monetary growth on nominal output operates through both price levels and real output changes. This impact is positive with respect to both of these variables.

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Year of publication:	1990
Authors:	Saunders, Peter J. ; Biswas, Basudeb
Published in:	Eastern Economic Journal. - Eastern Economic Association - EEA, ISSN 0094-5056. - Vol. 16.1990, 2, p. 145-150
Publisher:	Eastern Economic Association - EEA

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

Persistent link: https://www.econbiz.de/10005769812