Author

Jeff Kvistad

Publication Date

1-1-1986

Document Type

Dissertation/Thesis

First Advisor

Kwon, Jene K.

Degree Name

B.S. (Bachelor of Science)

Department

Department of Economics

Abstract

The rational expectations school holds that only unanticipated money growth affects real variables. To test this hypothesis one would need a model that separates anticipated and unanticipated money growth. Professor Robert J. Barro has proposed such a model (1977) which has gained wide acceptance among monetarist and rational expectation theorists. The purpose of this paper is to explain Barro’s justification of his model, to describe how this model was adapted to an SAS computer program, and then to report on the results obtained by this program using quarterly data from 1959 (QI) to 1983 (QIII).

Comments

Includes bibliographical references.

Extent

10 unnumbered pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Alt Title

An adaptation of Barro's model for anticipated money growth to a statistical analysis system computer program

Media Type

Text

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