摘 要: | RealGDP1andNominalGDP2ChangesinthegrowthratesofmoneyandcreditarecorrelatedwithchangesinnominalGDP,realGDP,andin鄄flation.ThestrongestcorrelationisbetweenchangesinmoneyandcreditandchangesinnominalGDP.Changesininflationlagchangesinmoneyandcredit.Thecorrelationsarefarfromperfect.CreditmeanstheflowofmoneyfromSSUsorfinancialintermediariestoDSUsinagiventimeperiod,andviceversa.Changesincreditextension3influencechangesinspendingandincome.Thegrowthrateofeconomicactivityismeasuredbythegrowthra…
|