Financial Market Efficiency, the Decomposition of "Anticipated" versus "Unanticipated" Money Growth, and Further Tests of the Relation between Money and Real Output: Note

Volume: 15, Issue: 2, Pages: 222 - 232
Published: May 1, 1983
Abstract
Probably the most controversial empirical findings in macroeconomics in the last decade stem from Robert Barro's investigations into the relative effects of null versus null money growth on unemployment and null output. These studies generally proceed by decomposing observed money growth into what is defined to be its null and null components and then test the restriction that only the unanticipated money measure has important effects for...
Paper Details
Title
Financial Market Efficiency, the Decomposition of "Anticipated" versus "Unanticipated" Money Growth, and Further Tests of the Relation between Money and Real Output: Note
Published Date
May 1, 1983
Volume
15
Issue
2
Pages
222 - 232
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