Money, Credit, and Federal Reserve Policy: Reply to Porter and Offenbacher
5 Pages Posted: 24 Aug 2012
Date Written: 1983
Abstract
I am grateful for the careful and painstaking effort that Richard Porter and Edward Offenbacher have devoted to replicating and extending parts of my empirical work on the relationship between nonfinancial economic activity and the economy’s total net credit outstanding, and I welcome the chance to respond to their paper as an opportunity to comment on several important questions about monetary policy in the context of that relationship.
Suggested Citation: Suggested Citation
Friedman, Benjamin M., Money, Credit, and Federal Reserve Policy: Reply to Porter and Offenbacher (1983). FRB Richmond Economic Review, Vol. 69, No. 6, November/December 1983, pp. 30-34, Available at SSRN: https://ssrn.com/abstract=2118126
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.