Why we don't know whether money causes output

An examination of the commonly accepted positive correlation between money and real output, including a review of several models of business cycles and an explanation of how money can be neutral and yet still appear to affect real output.

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Year of publication:	1989
Authors:	Carlstrom, Charles T. ; Gamber, Edward N.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1989, Q III, v. 25, no. 3, p. 27-39
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Business cycles \| Money

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

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