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| 005 | 20240508123039.0 | ||
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| 022 | _a10168737 | ||
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_aMSU _bEnglish _cMSU _erda |
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| 050 | 0 | 0 | _aHB1A1 INT |
| 100 | 1 |
_aKarfakis, Costas _eauthor |
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| 245 | 1 | 0 |
_aOn money and output in the Euro area: _bis money redundant? _ccreated by Costas Karfakis, |
| 264 | 1 |
_aAbingdon: _bTaylor and Francis, _c2013 |
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| 336 |
_2rdacontent _atext _btxt |
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| 337 |
_2rdamedia _aunmediated _bn |
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| 338 |
_2rdacarrier _avolume _bnc |
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| 440 |
_aInternational economic journal _vVolume 27, number 3 |
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| 520 | 3 | _aThis paper examines the relationship between money and future movements in output at business-cycle frequencies in the euro area. Importantly, the evidence suggests that the money stock is found to significantly affect output independent of the real interest rate. This finding supports the argument made by Meltzer Citation(2001) that the effects of monetary policy actions on the real economy are not fully captured by the short-term real rate. | |
| 650 |
_aOutput gap _vReal money _xReal interest rate, Business cycle, Gross domestic product _zEurozone |
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| 856 | _uhttps://doi.org/10.1080/10168737.2012.676060 | ||
| 942 |
_2lcc _cJA |
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| 999 |
_c165361 _d165361 |
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