Does Money Matter?

Resource Type
Dataset : survey data
  • Meyer, Laurence H. (Federal Reserve Bank of St. Louis)
Other Title
  • Archival Version (Subtitle)
Publication Date
Free Keywords
inflation; interest rates; monetary policy; money
  • Abstract

    This paper was prepared for the Homer Jones Lecture, Federal Reserve Bank of St. Louis, March 28, 2001. The author addresses the influence of monetarism and the role of money in making monetary policy. The monetarist idea that monetary policy has primary responsibility for inflation is now conventional wisdom. However, monetary aggregates are largely absent from models used by policy analysts and from currency monetary policy debates (at least in the United States). The author concludes with a discussion of whether current models and current practice undervalue the role of money, specifically noting how monetary aggregates may become important again if market interest rates are driven to zero, as they have been recently in Japan.
  • Table of Contents


    • DS1: Dataset
Geographic Coverage
  • United States
Collection Mode
  • The file submitted is 0109lmd.xls, which shows data and/or calculations for figures in the article. These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (
Alternative Identifiers
  • 1245 (Type: ICPSR Study Number)
  • Is previous version of
    DOI: 10.3886/ICPSR01245.v1
  • Meyer, Laurence H.. Does money matter?. Federal Reserve Bank of St. Louis Review.83, (5), 1-15.2001.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15