Asset substitution and monetary volatility.: An article from: Journal of Money, Credit & Banking
Book Details
Author(s)Jean Gauger, Harold A. Black
PublisherOhio State University Press
ISBN / ASINB00092IVR8
ISBN-13978B00092IVR3
MarketplaceFrance 🇫🇷
Description
This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on November 1, 1991. The length of the article is 6394 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: This paper investigates the question as to whether the volatility of the monetary aggregates arises primarily from the behavior of the monetary base or the monetary multipliers. The findings indicate that the monetary multipliers are more volatile than the base, regardless of the definition of money. The m1 multiplier is substantially more volatile than the m2 or m3 multipliers. Analysis of multipliers component ratios indicates high volatility of individual components. However, the m2 and m3 multipliers, and hence the M2 and M3 aggregates, internalize the movements of volatile individual components. (Printed by permission of the publisher.)
Citation Details
Title: Asset substitution and monetary volatility.
Author: Jean Gauger
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1991
Publisher: Ohio State University Press
Volume: v23 Issue: n4 Page: p677(15)
Distributed by Thomson Gale
From the supplier: This paper investigates the question as to whether the volatility of the monetary aggregates arises primarily from the behavior of the monetary base or the monetary multipliers. The findings indicate that the monetary multipliers are more volatile than the base, regardless of the definition of money. The m1 multiplier is substantially more volatile than the m2 or m3 multipliers. Analysis of multipliers component ratios indicates high volatility of individual components. However, the m2 and m3 multipliers, and hence the M2 and M3 aggregates, internalize the movements of volatile individual components. (Printed by permission of the publisher.)
Citation Details
Title: Asset substitution and monetary volatility.
Author: Jean Gauger
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1991
Publisher: Ohio State University Press
Volume: v23 Issue: n4 Page: p677(15)
Distributed by Thomson Gale
