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Money and Economic Activity: Some International Evidence

Author

Listed:
  • Monadjemi, M.S.
  • Huh, H.

Abstract

This study examines the long-run responses of economic activity to changes in monetary conditions in open economies. The empirical results of the study, based on monthly data from Australia, Germany, the Netherlands and the United States provide suport for a positive and significant effect of money on economic activity in the long-run. This long-run relationship generally did not weaken when the smaple period included only the decades of the 1980s and the early part of the 1990s.

Suggested Citation

  • Monadjemi, M.S. & Huh, H., 1998. "Money and Economic Activity: Some International Evidence," Papers 98/10, New South Wales - School of Economics.
    • Handle: RePEc:fth:nesowa:98/10
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    Cited by:

    1. Gutierrez, Pedro J., 2006. "Short-run and long-run effects of monetary policy in a general equilibrium model with bank reserves," Economic Modelling, Elsevier, vol. 23(4), pages 597-621, July.

    More about this item

    Keywords

    MONEY ; BUSINESS CYCLES;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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