Predicting the money multiplier |
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Authors: | James M Johannes Robert H Rasche |
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Institution: | Michigan State University, East Lansing, MI 48824, USA |
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Abstract: | This paper develops a component approach to forecasting the money multiplier. It is found that time-series models of the individual money multiplier components yield forecasts of the multiplier which are more accurate than those produced by other regression methods or time series methods applied to the multiplier itself. |
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