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Journal Article

Why we don't know whether money causes output


Abstract: An examination of the commonly accepted positive correlation between money and real output, including a review of several models of business cycles and an explanation of how money can be neutral and yet still appear to affect real output.

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File(s): File format is text/html http://www.clevelandfed.org/research/review/1989/89-q3-carlstrom.pdf

File(s): https://fraser.stlouisfed.org/scribd/?toc_id=278229&filepath=/docs/publications/frbclevreview/rev_frbclev_1989q3.pdf&start_page=29#scribd-open

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1989

Volume: 25

Issue: Q III

Pages: 27-39