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Empirical comparisons of credit and monetary aggregates using vector autoregressive methods

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  • Edward Offenbacher
  • Richard D. Porter
  • Georg Rich

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  • Edward Offenbacher & Richard D. Porter & Georg Rich, 1983. "Empirical comparisons of credit and monetary aggregates using vector autoregressive methods," Economic Review, Federal Reserve Bank of Richmond, vol. 69(Nov), pages 16-29.
    • Handle: RePEc:fip:fedrer:y:1983:i:nov:p:16-29:n:v.69no.6
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    References listed on IDEAS

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    1. Roger H. Gordon, 1982. "Interest Rates, Inflation, and Corporate Financial Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 13(2), pages 461-491.
    2. Holbrook, Robert S, 1972. "Optimal Economic Policy and the Problem of Instrument Instability," American Economic Review, American Economic Association, vol. 62(1), pages 57-65, March.
    3. Thomas Doan & Robert B. Litterman & Christopher A. Sims, 1983. "Forecasting and Conditional Projection Using Realistic Prior Distributions," NBER Working Papers 1202, National Bureau of Economic Research, Inc.
    4. Sargent, Thomas J, 1978. "Estimation of Dynamic Labor Demand Schedules under Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 1009-1044, December.
    5. Papademos, Lucas & Modigliani, Franco, 1983. "Inflation, financial and fiscal structure, and the monetary mechanism," European Economic Review, Elsevier, vol. 21(1-2), pages 203-250.
    6. Benjamin M. Friedman, 1982. "Debt and Economic Activity in the United States," NBER Chapters, in: The Changing Roles of Debt and Equity in Financing U.S. Capital Formation, pages 91-110, National Bureau of Economic Research, Inc.
    7. Zellner, Arnold, 1979. "Causality and econometrics," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 10(1), pages 9-54, January.
    8. Robert J. Gordon & Stephen R. King, 1982. "The Output Cost of Disinflation in Traditional and Vector Autoregressive Models," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 13(1), pages 205-244.
    9. Robert B. Litterman, 1984. "Specifying vector autoregressions for macroeconomic forecasting," Staff Report 92, Federal Reserve Bank of Minneapolis.
    10. Benjamin M. Friedman, 1982. "The Changing Roles of Debt and Equity in Financing U.S. Capital Formation," NBER Books, National Bureau of Economic Research, Inc, number frie82-1.
    11. Benjamin M. Friedman, 1982. "Monetary Policy with a Credit Aggregate Target," NBER Working Papers 0980, National Bureau of Economic Research, Inc.
    12. Brunner, Karl & Meltzer, Allan H., 1979. "Three aspects of policy and policymaking: Knowledge, data and institutions," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 10(1), pages 1-7, January.
    13. Benjamin M. Friedman, 1981. "The Relative Stability of Money and Credit "Velocities" in the United States: Evidence and Some Speculations," NBER Working Papers 0645, National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Starck, Christian & Virén, Matti, 1992. "Bankruptcies and aggregate economic fluctuations," Research Discussion Papers 25/1992, Bank of Finland.
    2. Starck, Christian & Virén, Matti, 1992. "Bankruptcies and aggregate economic fluctuations," Bank of Finland Research Discussion Papers 25/1992, Bank of Finland.
    3. repec:zbw:bofrdp:1992_025 is not listed on IDEAS
    4. Bharat Trehan, 1985. "The information content of credit aggregates," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 28-39.
    5. Hafer, R. W. & Sheehan, Richard G., 1989. "The sensitivity of VAR forecasts to alternative lag structures," International Journal of Forecasting, Elsevier, vol. 5(3), pages 399-408.
    6. Rik Hafer, 1984. "Money, debt and economic activity," Review, Federal Reserve Bank of St. Louis, vol. 66(Jun), pages 18-25.
    7. Erwin W. Heri, 1988. "Money Demand Regressions and Monetary Targeting Theory and Stylized Evidence," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 124(II), pages 123-149, June.

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