References
- Bernanke , B. 1986 . Alternative explanations of the money-income correlation . Carnegie Rochester Conference Series on Public Policy , 25 : 49 – 100 .
- Bordo , M. D. and Jonung , L. 1987 . The Long-Run Behaviour of the Velocity of Circulation: The International Evidence , Cambridge : Cambridge University Press .
- Brocato , J. and Smith , K. L. 1989 . Velocity and the variability of money growth: evidence from Granger-causality tests . Journal of Money, Credit, and Banking , 21 : 258 – 261 .
- Campbell , J. Y. and Perron , P. 1992 . “ Pitfalls and opportunities: what macroeconomists should know about unit roots ” . In NBER Macroeconomics Annual , 141 – 201 . Chicago : University of Chicago Press .
- Carlson , J. B. 1989 . The stability of money demand, its interest sensitivity, and some implications for money as a policy guide . Economic Review, Federal Reserve Bank of Cleveland , 25 : 2 – 13 .
- Cochrane , J. H. 1991 . Univariate vs. Multivariate Forecasts of GNP Growth and Stock Returns: Evidence and Implications for the Persistence of Shocks, Detrending Methods, and Tests of the Permanent Income Hypothesis , University of Chicago . Manuscript
- Cogley , T. 1990 . International evidence on the size of the random walk component in output . Journal of Political Economy , 98 : 501 – 518 .
- Doan , T. A. 1990 . User's Manual, RATS 3.1 , VAR Econometrics Inc .
- Friedman , A. 1984 . Lessons from the 1979–82 monetary policy experiment . The American Economic Review Papers and Proceedings , 74 : 397 – 400 .
- Gordon , R. J. 1983 . The Gordon Update A supplemental newsletter for use with R.J. Gordon's . Macroeconomics ,
- Hall , T. E. and Noble , R. N. 1987 . Velocity and the variability of money growth: evidence from granger-causality tests . Journal of Money, Credit and Banking , 19 : 112 – 116 .
- Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on cointegration with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 211 .
- Judd , J. P. and Motley , B. 1984 . The great velocity decline of 1982–83: a comparative analysis of M1 and M2 . Economic Review, Federal Reserve Bank of San Francisco , : 40 – 55 .
- Katsimbris , G. M. and Miller , S. M. 1993 . Velocity instability: an interest-rate driven phenomenon . Quarterly Review of Economics and Finance , 33 : 423 – 437 .