EconStor >
Cardiff University >
Cardiff Business School, Cardiff University >
Cardiff Economics Working Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/65792
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBenk, Szilárden_US
dc.contributor.authorGillman, Maxen_US
dc.contributor.authorKejak, Michalen_US
dc.date.accessioned2010-02-24en_US
dc.date.accessioned2012-11-02T14:28:44Z-
dc.date.available2012-11-02T14:28:44Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/65792-
dc.description.abstractThe post-1983 moderation coincided with an ahistorical divergence in the money aggregate growth and velocity volatilities away from the downward trending GDP and inflation volatilities. Using an endogenous growth monetary DSGE model, with micro-based banking production, enables a contrasting characterization of the two great volatility cycles over the historical period of 1919-2004, and enables this puzzle to be addressed more easily. The volatility divergence is explained by the upswing in the credit volatility that kept money supply variability from translating into inflation and GDP volatility.en_US
dc.language.isoengen_US
dc.publisherCardiff Univ, Cardiff Business School, Economics Section Cardiffen_US
dc.relation.ispartofseriesCardiff Economics Working Papers E2008/28en_US
dc.subject.jelE13en_US
dc.subject.jelE32en_US
dc.subject.jelE44en_US
dc.subject.ddc330en_US
dc.subject.keywordvolatilityen_US
dc.subject.keywordmoney and credit shocksen_US
dc.subject.keywordgrowthen_US
dc.subject.keywordinflationen_US
dc.subject.stwGesamtwirtschaftliche Produktionen_US
dc.subject.stwInflationsrateen_US
dc.subject.stwVolatilitäten_US
dc.subject.stwKreditmarkten_US
dc.subject.stwGeldangeboten_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwUSAen_US
dc.titleUS volatility cycles of output and inflation, 1919 - 2004: A money and banking approach to a puzzleen_US
dc.typeWorking Paperen_US
dc.identifier.ppn588141771en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Cardiff Economics Working Papers

Files in This Item:
File Description SizeFormat
588141771.pdf762.74 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.