The stability of money demand, its interest sensitivity, and some implications for money as a policy guide

An examination of recent empirical research on money demand, which states that the interest elasticity of money demand is greater than most economists previously thought. The author discusses the policy implications of this research for both the M1 and M2 measures.

MoreLess

Year of publication:	1989
Authors:	Carlson, John B.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1989, Q III, v. 25, no. 3, p. 2-13
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Money \| Velocity of money \| Monetary policy

More details

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

Persistent link: https://www.econbiz.de/10005360727