The Money Stock, the Price Level and Real Output: A Trivariate Analysis

Peter Saunders and Basudeb Biswas ()
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Peter Saunders: University of Central Washington

Eastern Economic Journal, 1990, vol. 16, issue 2, 145-150

Abstract: This study investigates the effects of monetary changes on the U.S. economy. The emphasis is on establishing a causal flow from the money supply (nominal variable) to the two components of nominal output--the price level and real output (real variable). Test results indicate that the impact of monetary growth on nominal output operates through both price levels and real output changes. This impact is positive with respect to both of these variables.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:16:y:1990:i:2:p:145-150

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