Money creation and economic activity

Eduard J. Bomhoff; Paul T.W.M. Veugelers

doi:10.1007/BF02109407

Money creation and economic activity

Eduard J. Bomhoff, Paul T.W.M. Veugelers

Research output: Contribution to journal › Article › Research › peer-review

Abstract

In the Netherlands not much attention is paid to money supply figures as an indicator of actual monetary conditions. This can be partly explained by the publication lag and the continuous revisions of seasonally adjusted data. However, the information that can be derived from money supply figures is limited because of 'temporary disturbances originating from the foreign exchange market. In this paper a correction method for these temporary disturbances is proposed. Money supply figures show a much closer link to real economic activity when corrected in this way.

Original language	English
Pages (from-to)	498-516
Number of pages	19
Journal	De Economist
Volume	131
Issue number	4
DOIs	https://doi.org/10.1007/BF02109407
Publication status	Published - Dec 1983
Externally published	Yes

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abstract = "In the Netherlands not much attention is paid to money supply figures as an indicator of actual monetary conditions. This can be partly explained by the publication lag and the continuous revisions of seasonally adjusted data. However, the information that can be derived from money supply figures is limited because of 'temporary disturbances originating from the foreign exchange market. In this paper a correction method for these temporary disturbances is proposed. Money supply figures show a much closer link to real economic activity when corrected in this way.",

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Money creation and economic activity

Abstract

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