Sources of business-cycle volatility: an exploratory study on a sample of OECD countries

Article Abstract:

This article examines factors associated with output volatility in several countries in the Organization for Economic Cooperation and Development. International economic data spanning three decades indicates that business-cycle volatility is negatively associated with government size and positively associated with factors including money supply volatility, exchange rate flexibility, and economic openness.

Economic aspects, Exchange, National government, Organization for Economic Cooperation and Development, Business cycles, Federal government

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How financial markets process money information: a re-examination of evidence using band spectrum regression

Article Abstract:

This article uses band spectrum regression to re-examine the way financial markets respond to announcements regarding money supply. An analysis of data collected between 1979 and 1982 suggest that expected inflation and expected liquidity factors work simultaneously to mediate financial markets' information processing behavior after money supply announcements.

Turkey, Management, United States. Federal Reserve Board, Financial markets

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Why are the effects of money-supply shocks asymmetric? Convex aggregate supply or 'pushing on a string'?

Article Abstract:

This article examines the asymmetric effects of money-supply shocks. Economic data indicate that negative supply shocks have an increased effect on output when compared to positive supply shocks in both foreign and domestic markets but both types of money-supply shocks have symmetrical effects on inflation.

Prices

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