Title page for ETD etd-06122010-020300

Type of Document Master's Thesis
Author Greene, Johnny Scott
URN etd-06122010-020300
Title Predicting nominal GNP and testing the variability of the domestic money stock against M1.
Degree Master of Arts
Department Economics
Advisory Committee
Advisor Name Title
Schmidt, Wilson E. Committee Chair
Bonomo, Vittorio A. Committee Member
Tideman, Thorwald Nicolaus Committee Member
  • Money supply
Date of Defense 1977-05-15
Availability restricted

A proposal was made by Albert Burger and Anatol Balbach to measure the money stock by excluding foreign holdings of U. S. dollars. This measure termed "domestic money stock" was tested against Ml to observe which was the least variable and which would predict GNP with the least error. The test were conducted by using Leonall Andersen's "monetary model of nominal income determination." The final results showed that due to the closeness in the percentage change of the two measures of the money stock, that little if any of the two measures had different values for variability, and both predicted nominal GNP with the same error.

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