Author Type

Graduate Student

Date of Award

1979

Document Type

Thesis

Publication Status

Version of Record

Submission Date

October 2026

Abstract

Because of the interdependent relationship existing between economic units in society, the money supply and macroeconomic factors, a need to identify a concept of money best able to explain and predict likely responses of economic units to changes in economic variables arises. Such an identification is important to the Federal Reserve which bears responsibility for formulating and implementing monetary policy. The issue of identifying a relevant definition of money and a detailed review of previous analyses attempting to define the best concept of money empirically is discussed herein, along with the results from a test using Box-Jenkins techniques on several money concepts and income. This time series study reinforces contentions that changing relationships between money and near monies and new developments in regulations governing financial institutions have rendered the existing monetary aggregates less useful as devices for gathering information about the economy and as tools in conducting monetary policy.

Extent

98 p.

Comments

Thesis (M.A.)--Florida Atlantic University, 1979.|Thesis (M.A.)--Florida Atlantic University, 1979.

Identifier

FADT14000

Format

pdf

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