Does money still matter for U.S. output?
Helge Berger () and
Pär Österholm ()
Economics Letters, 2009, vol. 102, issue 3, 143-146
In this note, we use an out-of-sample approach to investigate whether money growth Granger-causes output growth in the United States. We find that after the 'Great moderation,' the Granger-causal role of money appears to have vanished completely.
Keywords: Bayesian; VAR; Out-of-sample; forecasting; Granger; causality; Federal; Reserve; Volcker (search for similar items in EconPapers)
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Working Paper: Does money still matter for U.S. output? (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:102:y:2009:i:3:p:143-146
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