Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/65792
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Benk, Szilárd | en |
dc.contributor.author | Gillman, Max | en |
dc.contributor.author | Kejak, Michal | en |
dc.date.accessioned | 2010-02-24 | - |
dc.date.accessioned | 2012-11-02T14:28:44Z | - |
dc.date.available | 2012-11-02T14:28:44Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/65792 | - |
dc.description.abstract | The 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 |
dc.language.iso | eng | en |
dc.publisher | |aCardiff University, Cardiff Business School |cCardiff | en |
dc.relation.ispartofseries | |aCardiff Economics Working Papers |xE2008/28 | en |
dc.subject.jel | E13 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | E44 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | volatility | en |
dc.subject.keyword | money and credit shocks | en |
dc.subject.keyword | growth | en |
dc.subject.keyword | inflation | en |
dc.subject.stw | Gesamtwirtschaftliche Produktion | en |
dc.subject.stw | Inflationsrate | en |
dc.subject.stw | Volatilität | en |
dc.subject.stw | Kreditmarkt | en |
dc.subject.stw | Geldangebot | en |
dc.subject.stw | Dynamisches Gleichgewicht | en |
dc.subject.stw | USA | en |
dc.title | US volatility cycles of output and inflation, 1919 - 2004: A money and banking approach to a puzzle | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 588141771 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.