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dc.contributor.authorBerger, Helgeen_US
dc.contributor.authorÖsterholm, Pären_US
dc.date.accessioned2008-07-09en_US
dc.date.accessioned2009-09-25T13:28:45Z-
dc.date.available2009-09-25T13:28:45Z-
dc.date.issued2008en_US
dc.identifier.isbn3938369787en_US
dc.identifier.urihttp://hdl.handle.net/10419/28073-
dc.description.abstractIn this note, we use multivariate models estimated with Bayesian techniques and an out-ofsample approach to investigate whether money growth Granger-causes output growth in the United States. We find surprisingly strong evidence for a money-output link over the 1960-2005 period. However, further analysis indicates that this result is likely to be misleading; after the Great moderation, the Granger-causal role of money appears to have vanished completely.en_US
dc.language.isoengen_US
dc.publisherFreie Univ., Fachbereich Wirtschaftswiss. Berlinen_US
dc.relation.ispartofseriesDiskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2008/7en_US
dc.subject.jelE47en_US
dc.subject.jelE52en_US
dc.subject.jelC53en_US
dc.subject.jelC32en_US
dc.subject.ddc330en_US
dc.subject.keywordBayesian VARen_US
dc.subject.keywordout-of-sample forecastingen_US
dc.subject.keywordgranger causalityen_US
dc.subject.keywordmoneyen_US
dc.subject.keywordoutputen_US
dc.subject.keywordfederal reserveen_US
dc.subject.keywordVolckeren_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwGeldmengeen_US
dc.subject.stwGesamtwirtschaftliche Produktionen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwKausalanalyseen_US
dc.subject.stwSchätzungen_US
dc.subject.stwUSAen_US
dc.titleDoes money still matter for U.S. output?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn571534899en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:fubsbe:20087-
Appears in Collections:Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin

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