Federal Reserve Bank of Cleveland
Why we don't know whether money causes output
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.
Cite this item
Charles T. Carlstrom & Edward N. Gamber, "Why we don't know whether money causes output"
, Federal Reserve Bank of Cleveland, Economic Review, issue Q III, pages 27-39, 1989.
This item with handle RePEc:fip:fedcer:y:1989:i:qiii:p:27-39:n:v.25no.3
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