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dc.contributor.authorBywaters, David S.
dc.contributor.authorThomas, David G.
dc.identifier.citationBywaters , D S & Thomas , D G 2011 , ' Real money demand and supply meets Federal debt ' , Applied Economics Letters , vol. 18 , no. 10-12 , pp. 1189-1193 .
dc.identifier.otherPURE: 398845
dc.identifier.otherPURE UUID: a012bc73-44d4-48ce-9a26-fbd8159f00bb
dc.identifier.otherWOS: 000294742500051
dc.identifier.otherScopus: 79960851616
dc.descriptionOriginal article can be found at : Copyright Taylor & Francis [Full text of this article is not available in the UHRA]
dc.description.abstractThis article presents the empirical results of an econometric investigation of the demand and supply of real money (M2) with real Federal debt in the USA economy as a Vector Auto-Regressions (VARs) system. This allows the study to focus on the crucial variables of fiscal and monetary policies, specifically the debt (wealth-creating instruments), the real monetary base and the relevant rates of interest. The long- and short-run effects of these variables over the quarterly data, spanning from 1960 to 2007, are analysed. Clearly, this is a well-researched field, where others have published excellent work, although this investigation differs in its choice of variables. The idea is to explain the dynamics and mechanisms of adjustment, generally left unexplained by economic theory.en
dc.relation.ispartofApplied Economics Letters
dc.titleReal money demand and supply meets Federal debten
dc.contributor.institutionSocial Sciences, Arts & Humanities Research Institute
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionCentre for Research on Management, Economy and Society
dc.description.statusPeer reviewed
rioxxterms.typeJournal Article/Review

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