Money Creation and Economic Activity, 1967-1982

Because of a publication lag and continuous revisions of seasonally adjusted data, little attention is paid to money supply figures as an indicator of actual monetary conditions in the Netherlands. However, the information that can be derived from money supply figures is limited due to temporary dis...

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Published in:De Economist (Netherlands) 1983-01, Vol.131 (4), p.498
Main Authors: Bomhoff, Eduard J, Veugelers, Paul T. W. M.
Format: Article
Language:English
Subjects:
Corrections
Economic activity
Economic growth
Economic policy
Economic theory
Effectiveness
Foreign exchange markets
Foreign exchange rates
GNP
Gross National Product
Money supply
Predictions
Statistical analysis
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creator Bomhoff, Eduard J
Veugelers, Paul T. W. M.
description Because of a publication lag and continuous revisions of seasonally adjusted data, little attention is paid to money supply figures as an indicator of actual monetary conditions in the Netherlands. However, the information that can be derived from money supply figures is limited due to temporary disturbances generated by the foreign exchange market. A correction method using a transformed regression equation to remove temporary aberrations is proposed. Corrected money supply figures show a much closer link to real economic activity. The research confirms that changes in money have an important short-term effect on economic growth. In Holland, abrupt changes in monetary policy have been an important cause of short-term changes in economic growth. Recent events have revealed that the lack of a well-defined, medium-term policy demands absolute confidence in the exchange rate policy. Doubts about the exchange rate will probably continue for some time.
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source International Bibliography of the Social Sciences (IBSS); Business Source Ultimate【Trial: -2024/12/31】【Remote access available】; PAIS Index; Springer Online Journal Archives; EBSCO_EconLit with Full Text（美国经济学会全文数据库）
subjects Corrections
Economic activity
Economic growth
Economic policy
Economic theory
Effectiveness
Foreign exchange markets
Foreign exchange rates
GNP
Gross National Product
Money supply
Predictions
Statistical analysis
title Money Creation and Economic Activity, 1967-1982
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