Portfolio substitution and the reliability of M1, M2 and M3 as monetary policy indicators
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References listed on IDEAS
- John P. Judd & Bharat Trehan, 1987. "Velocity in the 1980s: an analysis of interactions among monetary components," Working Papers in Applied Economic Theory 87-05, Federal Reserve Bank of San Francisco.
- Richard G. Davis & Leon Korobow & John Wenninger, 1986. "Bankers on pricing consumer deposits," Quarterly Review, Federal Reserve Bank of New York, vol. 11(Win), pages 6-13.
- John P. Judd, 1983. "Deregulated deposit rates and monetary policy," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 27-44.
- Bharat Trehan & Carl E. Walsh, 1987. "Portfolio Substitution And Recent M1 Behavior," Contemporary Economic Policy, Western Economic Association International, vol. 5(1), pages 54-63, January.
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Cited by:
- Yash P. Mehra, 1989. "Some further results on the source of shift in M1 demand in the 1980s," Economic Review, Federal Reserve Bank of Richmond, vol. 75(Sep), pages 3-13.
- Bharat Trehan, 1988. "The practice of monetary targeting: a case study of the West German experience," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 30-44.
- Frederick T. Furlong, 1989. "Commodity prices as a guide for monetary policy," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 21-38.
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Keywords
Monetary policy - United States; Money supply;Statistics
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