Webbläsaren som du använder stöds inte av denna webbplats. Alla versioner av Internet Explorer stöds inte längre, av oss eller Microsoft (läs mer här: * https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Var god och använd en modern webbläsare för att ta del av denna webbplats, som t.ex. nyaste versioner av Edge, Chrome, Firefox eller Safari osv.

Lars Jonung. Foto.

Lars Jonung

Professor emeritus

Lars Jonung. Foto.

An Empirical Identification of the Swedish Money Stock

Författare

  • Lars Jonung

Summary, in English

A measure of the Swedish money stock is identified in this paper using an empirical approach. Correlation coefficients between quarterly changos in a number of monetary assets and economic activity are calculated for leading, concurrent and lagging observations. Coins and notes exhibit close simultaneous covariation with economic activity. Commercial bank, savings bank and Post Office Bank deposits lead changes in economic activity by 6-8 quarters. This countercycUcal pattern is best regarded as the outcome of Eikabank policy. The empirical results suggest a defmition of the Swedish money stock as the sum of the volume of notea and
commercial bank deposits held by the public.

Avdelning/ar

  • Nationalekonomiska institutionen

Publiceringsår

1981

Språk

Engelska

Sidor

68-78

Publikation/Tidskrift/Serie

Scandinavian Journal of Economics

Volym

83

Issue

1

Dokumenttyp

Artikel i tidskrift

Förlag

Wiley-Blackwell

Ämne

  • Economics

Status

Published

ISBN/ISSN/Övrigt

  • ISSN: 1467-9442