Results 231 to 240 of about 6,130,410 (264)

Real stock prices and the long-run money demand function: evidence from Canada and the USA

Journal of International Money and Finance, 1996
Abstract This paper investigates the relationship between stock prices and the long-run money demand function in Canada and the USA during the post WWII period (1955–1989). The empirical investigation is conducted by means of the Johansen method of cointegration and the error correction modelling strategy.
Taufiq Choudhry
exaly   +2 more sources

Real stock prices and the long-run demand for money in Germany

Applied Financial Economics, 1998
The Johansen procedure of cointegration is used to test the hypothesis of a stationary relationship between real money balances, real income, interest rates and real stock prices in Germany for the period 1960–89, and an error correction representation of the data is used to explain the short-run dynamics of the demand for money. Results indicate that:
exaly   +2 more sources

A Model of Monetary and Fiscal Policy Effects on the Money Stock, Price Level, and Real Output

Journal of Money, Credit and Banking, 1969
The purposes of this paper are (1) to present a theoretical economic model of aggregate demand, capable of explaining the stock of money and other important endogenous variables in terms of the four main domestic monetary and fiscal policy tools (they are: government purchases, taxation, borrowing, and printing money); (2) to analyze the eSects of ...
exaly   +2 more sources

The Real Stock of Money and Velocity in a Wartime Economy: A Comment

Journal of Political Economy, 1974
How rapidly does the public adjust its price expectations during wartime? ' Many writers, including M. Friedman and some of his former students (1952, 1956), have studied the pace of adjustment of price expectations in wartime economies, as revealed by changes in the ex post behavior of the real stock of money and various measures of velocity.
openaire   +1 more source

The Money Stock, the Price Level and Real Output: A Trivariate Analysis [PDF]

Eastern Economic Journal, 1990
This study investigates the effects of monetary changes on the U.S. economy. The emphasis is on establishing a causal flow from the money supply (nominal variable) to the two components of nominal output--the price level and real output (real variable).
Peter J. Saunders, Basudeb Biswas
openaire  

Stock returns, real activity, and money: Causality testing using a multiple hypothesis testing approach

Review of Quantitative Finance and Accounting, 1993
There is considerble debate concerning the dynamic relationship among stock returns and real activity. Two explanations that have received particular attention are those of the proxy hypothesis and the reverse causality explanation. The principle distinguishing feature between these two explanations concerns whether or not inflation merely proxies for ...
Roy A. Fletcher, Chung Chen
openaire   +1 more source

Paper Profits or Real Money? Trading Costs and Stock Market Anomalies in Country Equity Indices

SSRN Electronic Journal, 2017
Are the quantitative equity strategies for country selection robust to implementation costs? To answer this question, we conduct a comprehensive examination of the country-level strategies so far. We review, classify, and replicate 120 equity anomalies within a sample of 42 country equity indices for the years 1996–2017.
Adam Zaremba, Laura Andreu
openaire   +1 more source

Global capital markets and the impact of changes in the money stock on real activity

Journal of Macroeconomics, 1985
Abstract Reduced-form empirical work on the impact of monetary change on real activity has implicitly assumed the absence of a capital market. Such a market will cause identification problems in discrimination between the impact of unanticipated monetary change or the impact of nominal shocks on real activity.
openaire   +1 more source

What is an Optimal Allocation in Hong Kong Stock, Real Estate, and Money Markets: An Individual Asset, Efficient Frontier Portfolios, or a Naïve Portfolio? Is this a new Financial Anomaly?

SSRN Electronic Journal, 2022
Zhihui Lv, Chun-Kei Tsang, Niklas F. Wagner, Wing Keung Wong   +3 more
openaire   +2 more sources

The Real Stock of Money and Velocity in a Wartime Economy: A Reply

Journal of Political Economy, 1974
openaire   +1 more source