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n A Conceptual Framework
HI Asset Shifts Involving Intermediary Claims
3 other sections not shown
1st half 2nd aggregate demand aggregate supply American Economic Review bank reserves bank time deposits Billions of Dollars cent change in GNP change in stock column commercial bank consumer and nonprofit credit instruments credit-availability effect demand deposits equation Financial Intermediaries flow of funds flow to intermediaries Fourth Quarter 1947 funds through intermediaries funds to intermediaries growth rate half 2nd half induced inter interest-yielding marketable securities intermediary interest rate investors involving intermediary claims leverage mediary claims monetary controls money supply motivating variable mutual savings banks percentage personal saving portfolio primary securities purchases Quarter Fourth Quarter Quarter Second Quarter Quarter Third Quarter rate on intermediary rate on marketable regression coefficient related to monetary reserve ratio savings and loan savings deposits SEASONALLY ADJUSTED Second Quarter Third Semiannual Changes stock of debt stock price behavior strength of monetary supply of loanable Table Third Quarter Fourth tight money policy Treasury bill rate variation