DOES MONEY STILL MATTER?
| dc.creator | Peterson, Willis L. | |
| dc.date | 2017-04-01T13:49:58Z | |
| dc.date.accessioned | 2026-07-09T03:09:51Z | |
| dc.description | Money is broadly defined to include M2 plus large denomination time deposits and deposits in savings institutions. Splitting M2+ into two components, M1 and the remainder, MD, each was found to bear a stable relationship to GDP over the 1929-94 period. An economic test of the causality question reveals that it runs from money to economic activity. Lastly, the evidence attests to the short-run non-neutrality of money on unemployment, and to the stabilizing influence of the private sector on the economy. | |
| dc.identifier | doi:10.22004/ag.econ.14122 | |
| dc.identifier | https://ageconsearch.umn.edu/record/14122/files/p97-01.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/14122 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/527658 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/14122 | |
| dc.title | DOES MONEY STILL MATTER? | |
| dc.type | Text |