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dc.contributor.authorHafer, R. W.eng
dc.contributor.authorHaslag, Joseph H.eng
dc.contributor.authorJones, Garetteng
dc.date.issued2003eng
dc.description.abstractThere is substantial research effort devoted to identifying a sufficient statistic for monetary policy. The purpose of this paper is to broaden the scope of the on-going investigation along three dimensions. First, we follow up the Rudebusch-Svensson claim of parameter instability in the output regressions by examining the statistical stability of the parameter estimates with post-1996 data. Second, we examine whether alternative measures of the cyclical component affect the correlation between money supply, interest rates and output. Third, we consider alternative measures of the money supply, permitting us to assess the distinct roles of inside and outside money in terms of the correlation between each component and output.eng
dc.identifier.citationDepartment of Economics, 2003eng
dc.identifier.urihttp://hdl.handle.net/10355/2717eng
dc.publisherDepartment of Economicseng
dc.relation.ispartofEconomics publicationseng
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. College of Arts and Sciences. Department of Economicseng
dc.relation.ispartofseriesWorking papers (Department of Economics);WP 03-11eng
dc.rightsOpenAccess.eng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.eng
dc.source.urihttp://economics.missouri.edu/working-papers/2003/WP0311_haslag.pdfeng
dc.subject.lcshGross domestic product -- Econometric modelseng
dc.subject.lcshMonetary policy -- Econometric modelseng
dc.titleThe Effect of Monetary Policy on Economic Outputeng
dc.typeWorking Papereng


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