Bywaters, David; Thomas, David - In: Applied Economics Letters 18 (2011) 12, pp. 1189-1193
This article presents the empirical results of an econometric investigation of the demand and supply of real money (M2) with real Federal debt in the USA economy as a Vector Auto-Regressions (VARs) system. This allows the study to focus on the crucial variables of fiscal and monetary policies,...