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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w0853 |
来源ID | Working Paper 0853 |
The Behavior of Money, Credit, and Prices in a Real Business Cycle | |
Robert G. King; Charles I. Plosser | |
发表日期 | 1982-02-01 |
出版年 | 1982 |
语种 | 英语 |
摘要 | This paper analyzes the interaction of money and the price level with a business cycle that is fully real in origin, adopting a view which differs sharply from traditional theories that assign a significant causal influence to monetary movements. The theoretical analysis focuses on a banking system that produces transaction. services on demand and thus reflects market activity. Under one regime of bank regulation and fiat money supply by the monetary authority, the real business cycle theory predicts that (i)movements in external monetary measures should be uncorrelated with real activity and(ii) movements in internal monetary measures should be positively correlated with real activity. Preliminary empirical analysis provides general support for this focus on the banking sector since much of the correlation between monetary measures and real activity is apparently with inside money. |
主题 | Macroeconomics |
URL | https://www.nber.org/papers/w0853 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558065 |
推荐引用方式 GB/T 7714 | Robert G. King,Charles I. Plosser. The Behavior of Money, Credit, and Prices in a Real Business Cycle. 1982. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w0853.pdf(508KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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