Money, Credit, and Prices in a Real Business Cycle

As an alternative to the monetary theories of the business cycle advanced by Lucas (1973) and Fischer (1977), a class of real business cycle models is developed that can account for the relation between the quantity of money, inflation, and cyclical fluctuations in economic activity in terms of reve...

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Veröffentlicht in:	The American economic review 1984-06, Vol.74 (3), p.363-380
Hauptverfasser:	King, Robert G., Plosser, Charles I.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank deposits Banking services Business cycles Central banks Credit Currency Economic activity Economic fluctuations Economic models Economic policy Economic theory Financial transactions Monetary base Monetary policy Monetary theory Money Money supply Price levels Production factors Statistical analysis
Online-Zugang:	Volltext
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