Money aggregates and economic activity during the Great Depression and 2007-11

Stefan Belliveau

MPRA Paper from University Library of Munich, Germany

Abstract: This working paper examines monetary aggregates as means of explaining economic activity. Comparative analysis of the Great Depression and the years 2007-11 is used to test the explanatory power of monetary aggregates in accordance with their use in monetarist explanations of the Great Depression. A conclusion from this analysis is that monetarist theory can structure monetary-aggregate data to produce useful insights about economic activity for the years 2007-11.

Keywords: Price level; money supply; monetary policy; monetarism; Great Depression (search for similar items in EconPapers)
JEL-codes: E31 E50 N12 (search for similar items in EconPapers)
Date: 2012-03-15
New Economics Papers: this item is included in nep-mac and nep-mon
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https://mpra.ub.uni-muenchen.de/37644/1/MPRA_paper_37644.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37371

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