Quasi balance-sheet measures of U.S. monetary policy: a closer look.: An article from: Journal of Money, Credit & Banking
Book Details
Author(s)Joseph H. Haslag, Scott E. Hein
PublisherOhio State University Press
ISBN / ASINB00093HMC2
ISBN-13978B00093HMC2
MarketplaceFrance 🇫🇷
Description
This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on February 1, 1995. The length of the article is 6376 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: Both the Board of Governors and the Federal Reserve bank of St. Louis calculate monetary base and total reserve series, adjusted for changes in reserve requirement ratios. Many analysts apparently believe there is little measurable difference in these series. This hypothesis is empirically examined in this paper. First, time-series procedures are used to examine similarities and differences in the alternative measures. Then, nominal GNP growth equations provide the basis comparing the four different monetary policy measures as they relate to economic activity. The evidence suggests that significant differences exist between these measures both in their time-series properties and in their relationships to nominal GNP growth. (Printed by permission of the publisher.)
Citation Details
Title: Quasi balance-sheet measures of U.S. monetary policy: a closer look.
Author: Joseph H. Haslag
Publication:Journal of Money, Credit & Banking (Refereed)
Date: February 1, 1995
Publisher: Ohio State University Press
Volume: v27 Issue: n1 Page: p124(16)
Distributed by Thomson Gale
From the supplier: Both the Board of Governors and the Federal Reserve bank of St. Louis calculate monetary base and total reserve series, adjusted for changes in reserve requirement ratios. Many analysts apparently believe there is little measurable difference in these series. This hypothesis is empirically examined in this paper. First, time-series procedures are used to examine similarities and differences in the alternative measures. Then, nominal GNP growth equations provide the basis comparing the four different monetary policy measures as they relate to economic activity. The evidence suggests that significant differences exist between these measures both in their time-series properties and in their relationships to nominal GNP growth. (Printed by permission of the publisher.)
Citation Details
Title: Quasi balance-sheet measures of U.S. monetary policy: a closer look.
Author: Joseph H. Haslag
Publication:Journal of Money, Credit & Banking (Refereed)
Date: February 1, 1995
Publisher: Ohio State University Press
Volume: v27 Issue: n1 Page: p124(16)
Distributed by Thomson Gale
