References
- Bernanke , BS , Gertler , M and Gilchrist , S . 1999 . “ The financial accelerator in a quantitative business cycle framework ” . In Handbook of Macroeconomics, Vol. 1, Part C , Edited by: Taylor , JB and Woodford , M . Vol. 1 , 1341 – 93 . Amsterdam : Elsevier .
- Black , DC , Corrigan , PR and Dowd , MR . 2000 . New dogs and old tricks: do money and interest rates still provide information content for forecasts of output and prices? . International Journal of Forecasting , 16 : 191 – 205 .
- Borio , C , Furfine , C and Lowe , P . 2001 . Procyclicality of the financial system and financial stability: issues in policy options , Working Paper (Part 1), Bank for International Settlements .
- Friedman , BM and Kuttner , KN . 1992 . Money, income, prices and interest rates . American Economic Review , 82 : 472 – 92 .
- Friedman , BM and Kuttner , KN . 1993 . Another look at the evidence on money-income causality . Journal of Econometrics , 57 : 189 – 203 .
- Gertler , M and Lown , CS . 1999 . The information in the high-yield bond spread for the business cycle . Oxford Review of Economic Policy , 15 : 132 – 50 .
- Levine , R . 1997 . Financial development and economic growth: views and agenda . Journal of Economic Literature , 35 : 688 – 726 .
- Levine , R and Zervos , S . 1998 . Stock markets, banks, and economic growth . American Economic Review , 88 : 537 – 58 .
- McCallum , BT and Nelson , E . 1999 . An optimizing IS-LM specification for monetary policy and business cycle analysis . Journal of Money, Credit and Banking , 31 : 296 – 316 .
- Nourzad , F . 2002 . Real money balances and production efficiency: a panel-data stochastic production frontier study . Journal of Macroeconomics , 24 : 125 – 34 .
- Olofsson , S . 2008 . “ The subprime crisis from the inside ” . In Master's thesis , Department of Management, Technology and Economics, Swiss Federal Institute of Technology .
- Sinai , A and Stokes , HH . 1972 . Real money balances: an omitted variable from the production function? . Review of Economics and Statistics , 54 : 290 – 6 .
- Sinai , A and Stokes , HH . 1989 . Money balances in the production function: a retrospective look . Eastern Economic Journal , 15 : 349 – 63 .
- Stock , JH and Watson , MW . 2003 . Forecasting output and inflation: the role of asset prices . Journal of Economic Literature , 41 : 788 – 829 .