| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1480 |
| 来源ID | Working Paper 1480 |
| Money Growth Variability and Money Supply Interdependence Under InterestRate Control: Some Evidence For Canada | |
| Michael D. Bordo; Ehsan U. Choudhri; Anna J. Schwartz | |
| 发表日期 | 1984-09-01 |
| 出版年 | 1984 |
| 语种 | 英语 |
| 摘要 | Canada, like many countries, has recently experienced difficulties in achieving money growth stability and money supply independence. Based on the buffer-stock view of money-holding as well as the credit market approach to the money supply, this paper suggests that the problems have arisen from the Bank of Canada suse of an interestrate control mechanism.The paper argues that: (1) The short-run behavior of Canadian money grow this influenced by demand shifts in the Canadian credit market.(2)Movements in U.S. interest rates relative to the controlled Canadian interest rates are a key source of these shifts.The paper presents evidence on Canadian money supply and demand functions consistent with the foregoing explanation. |
| 主题 | Macroeconomics ; International Economics |
| URL | https://www.nber.org/papers/w1480 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558710 |
| 推荐引用方式 GB/T 7714 | Michael D. Bordo,Ehsan U. Choudhri,Anna J. Schwartz. Money Growth Variability and Money Supply Interdependence Under InterestRate Control: Some Evidence For Canada. 1984. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1480.pdf（561KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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