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Anticipated Money, Unanticipated Money, and Output: 1873-1930

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  • Fackler, James S
  • Parker, Randall E

Abstract

Unanticipated money does, and anticipated money does not, influence output for the period between the Civil War and the depression. These conclusions, reached using a two-step econometric procedure, appear robust for a wide variety of measures of output and for two alternate definitions of money. Copyright 1990 by Oxford University Press.

Suggested Citation

  • Fackler, James S & Parker, Randall E, 1990. "Anticipated Money, Unanticipated Money, and Output: 1873-1930," Economic Inquiry, Western Economic Association International, vol. 28(4), pages 774-787, October.
    • Handle: RePEc:oup:ecinqu:v:28:y:1990:i:4:p:774-87
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    Cited by:

    1. Shelley, Gary L. & Wallace, Frederick H., 1995. "A reexamination of Mishkin's neutrality test," Journal of Economics and Business, Elsevier, vol. 47(3), pages 255-265, August.
    2. Wilson, Matthew S., 2020. "A real business cycle model with money as a sunspot variable," Journal of Economics and Business, Elsevier, vol. 109(C).
    3. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, December.
    4. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

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