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Keywords:Monetary theory 

Journal Article
Some monetary facts

This article describes three long-run monetary facts derived by examining data for 110 countries over a 30-year period, using three definitions of a country's money supply and two subsamples of countries: (1) Growth rates of the money supply and the general price level are highly correlated for all three money definitions, for the full sample of countries, and for both subsamples. (2) The growth rates of money and real output are not correlated, except for a subsample of countries in the Organisation for Economic Co-operation and Development, where these growth rates are positively ...
Quarterly Review , Volume 19 , Issue Sum , Pages 2-11

Working Paper
Some tables of historical U.S. currency and monetary aggregates data

This paper includes revised and extended versions of tables of historical .S. currency and monetary aggregates data compiled for the forthcoming work: Susan B. Carter et.al., editors, Historical Statistics of the United States, Colonial Times to the Present, Millennial Edition. Three volumes. Cambridge University Press, forthcoming. These tables, in part, update and extend tables that previously appeared in the 1976 Bicentennial Edition of Historical Statistics, with new descriptive notes.
Working Papers , Paper 2003-006

Working Paper
Inside money, outside money, and inflation

Research Working Paper , Paper 87-10

Journal Article
A monetarist model for economic stabilization: review and update

Review , Issue Oct , Pages 18-28

Journal Article
Benchmark revisions of the money stock and ranges of money stock growth

Review , Volume 60 , Issue Jun , Pages 11-19

Journal Article
Selecting a monetary indicator: a test of the new monetary aggregates

Review , Volume 63 , Issue Feb , Pages 12-18

Journal Article
The redefined monetary aggregates

Federal Reserve Bulletin , Issue Feb

Working Paper
A critique of theories of money stock determination

Many different models of money stock determination exist in the literature. An attempt is made here to understand why the differences in these models arise. Differences in models are ascribed first to the (usually implicit) role assigned to the price level. From this perspective, models fall into two categories. Models in the quantity theory tradition require that the price level adjust in order to cause the real quantity of money to equal the real quantity demanded. In contrast, in the real bills or banking school tradition, the nominal quantity of money adjusts in order to provide the real ...
Working Paper , Paper 86-06

Journal Article
The monetarist controversy: discussion

Economic Review , Issue Spr suppl , Pages 12-26

Working Paper
Money in the utility function: an adequate microfoundation of money?

Working Papers , Paper 89-25

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