Empirical Paper
It is Empirical Paper not essay or something else
Using developing knowledge of monetary economics and your understanding of available databases and statistical techniques, develop a paper that addresses the following
topic:
?can economists explain the relationship between monetary aggregates and facets of the economy establish reasonable strong statistical relationship that provide
policymakers with guides that assist them in their quest for stabilizing the economy??
for example, is there a discernible relationship between M1, M2, M3, and GDP growth? And between M1, M2, M3, and employment growth? ? And between M1, M2, M3, and
inflation?
Are there periods when some of these relationship hold, and then later collapse?
Start with the theory. Move on to data collection. Subject the data to statistical analysis. Describe well what you are attempting to accomplish. Write your results.
I prefer use data and graphs from FRED as CIP?.ets. from:
https://research.stlouisfed.org/fred2/
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