Inside money, credit, and investment.

This paperpresentsamonetaryexplanationforseveralbusiness-cyclefacts:(i) householdandbusinessinvestmentareprocyclical,(ii)businessinvestmentlags householdinvestment,(iii)householdinvestmentispositivelycorrelatedwithM1,and (iv) householdcreditoutstandingispositivelycorrelatedwithandmorevolatilethan ho...

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Bibliographic Details
Main Authors: Dressler, Scott., Li, Victor.
Format: Villanova Faculty Authorship
Language:English
Published: 2008
Online Access:http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:178046