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Show 101 time series. the nation's change A 1 ings, Palmer reported stock market future of The as "good," money on avoided with activity depended effects may be created because He of money and regard the of to the to but rates findings stock prices when changes He did not of they chose in of lac of, monetary policy other abundae of, or effects of tight I would the associated discounting on the to of money like of money to this Keran,l in his shall refer bring that a up 1 supply led one other study found was on to his to leads a the 10 effect in First,. the percent change that a to change in the a that article point here. percent change Keran estimated the real money supply of of relationship with supply changes I these factors. concordant movement examine expectations. growth in of other variables. priee of stocks. change percent consider how agreed with findings repeat, Palmer stated rate the on discussing the possible high interest primary effect later, 10 investment, growth rate, profitability, output, Palmer's authors a of growth implications that stability, payout, and, most important, effect of predictive value of these find the Federal Reserve Board. money. the rate associated with is supply money stock prices. in in percent change 1 percent IMichael Keran, "Expectations, Money and the Stock Market," Monthly Review, 'Federal Reserve Bank of St. Louis (January, 19711, PP. 16-31. in |
