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THE MONETARY AGGREGATES AND THE VELOCITY OF MONEY

THE MONETARY AGGREGATES AND THE VELOCITY OF MONEY The relationship between a new measure of money, called the Rational Transactional Aggregate RTA, and economic activity was investigated using annual and quarterly data in selected macroeconomic models from 19731990. For prediction purposes, the money demand function including RTA which used lagged output changes and lagged interest rates showed the most promise. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Studies in Economics and Finance Emerald Publishing

THE MONETARY AGGREGATES AND THE VELOCITY OF MONEY

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References (9)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1086-7376
DOI
10.1108/eb028700
Publisher site
See Article on Publisher Site

Abstract

The relationship between a new measure of money, called the Rational Transactional Aggregate RTA, and economic activity was investigated using annual and quarterly data in selected macroeconomic models from 19731990. For prediction purposes, the money demand function including RTA which used lagged output changes and lagged interest rates showed the most promise.

Journal

Studies in Economics and Finance – Emerald Publishing

Published: Jan 1, 1991

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