{"id":"https://openalex.org/W2140221967","doi":"https://doi.org/10.1111/j.1538-4616.2011.00388.x","title":"Does Money Matter in Shaping Domestic Business Cycles? An International Investigation","display_name":"Does Money Matter in Shaping Domestic Business Cycles? An International Investigation","publication_year":2011,"publication_date":"2011-05-18","ids":{"openalex":"https://openalex.org/W2140221967","doi":"https://doi.org/10.1111/j.1538-4616.2011.00388.x","mag":"2140221967"},"language":"en","primary_location":{"id":"doi:10.1111/j.1538-4616.2011.00388.x","doi":"https://doi.org/10.1111/j.1538-4616.2011.00388.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1538-4616.2011.00388.x","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1714879","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5021559671","display_name":"Fabio Canova","orcid":"https://orcid.org/0000-0002-8782-4787","observed_orcids":["https://orcid.org/0000-0002-8782-4787"]},"institutions":[{"id":"https://openalex.org/I11932220","display_name":"Instituci\u00f3 Catalana de Recerca i Estudis Avan\u00e7ats","ror":"https://ror.org/0371hy230","country_code":"ES","type":"nonprofit","lineage":["https://openalex.org/I11932220"]},{"id":"https://openalex.org/I170486558","display_name":"Universitat Pompeu Fabra","ror":"https://ror.org/04n0g0b29","country_code":"ES","type":"education","lineage":["https://openalex.org/I170486558"]}],"countries":["ES"],"is_corresponding":true,"raw_author_name":"FABIO CANOVA","raw_affiliation_strings":["Fabio Canova is the ICREA Research Professor at UPF (E-mail: fabio.canova@upf.edu)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Fabio Canova is the ICREA Research Professor at UPF (E-mail: fabio.canova@upf.edu)","institution_ids":["https://openalex.org/I11932220","https://openalex.org/I170486558"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5054584614","display_name":"Tobias Menz","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"TOBIAS MENZ","raw_affiliation_strings":["Tobias Menz is a Senior Consultant at Fintergral Consulting (E-mail: tobias.menz@fintegral.com)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Tobias Menz is a Senior Consultant at Fintergral Consulting (E-mail: tobias.menz@fintegral.com)","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5021559671","https://openalex.org/A5054584614"],"corresponding_institution_ids":["https://openalex.org/I11932220","https://openalex.org/I170486558"],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":17.841,"has_fulltext":false,"cited_by_count":59,"citation_normalized_percentile":{"value":0.99078644,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"43","issue":"4","first_page":"577","last_page":"607"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/real-money-balances","display_name":"real money balances","score":0.8460000157356262},{"id":"https://openalex.org/keywords/output-fluctuations","display_name":"output fluctuations","score":0.8410000205039978},{"id":"https://openalex.org/keywords/structural-shocks","display_name":"structural shocks","score":0.421999990940094},{"id":"https://openalex.org/keywords/shock-transmission","display_name":"shock transmission","score":0.6940000057220459},{"id":"https://openalex.org/keywords/united-states","display_name":"United States","score":0.6380000114440918},{"id":"https://openalex.org/keywords/united-kingdom","display_name":"United Kingdom","score":1.0},{"id":"https://openalex.org/keywords/japan","display_name":"Japan","score":1.0},{"id":"https://openalex.org/keywords/euro-area","display_name":"euro area","score":0.9990000128746033}],"concepts":[{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.8638138771057129},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7326891422271729},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7308387756347656},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5792955756187439},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5192335247993469},{"id":"https://openalex.org/C2776359362","wikidata":"https://www.wikidata.org/wiki/Q2145286","display_name":"Representation (politics)","level":3,"score":0.4462006092071533},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.40392041206359863},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.39094579219818115},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.07076099514961243},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1111/j.1538-4616.2011.00388.x","doi":"https://doi.org/10.1111/j.1538-4616.2011.00388.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1538-4616.2011.00388.x","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},{"id":"mag:3125820846","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:cpr:ceprdp:8107","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3125951601","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1714879","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:cpr:ceprdp:8107","doi":null,"is_oa":false,"landing_page_url":"http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=8107","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:cadmus.eui.eu:1814/36636","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/1814/36636","pdf_url":null,"source":{"id":"https://openalex.org/S4377196332","display_name":"Cadmus - EUI Research Repository (European University Institute)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I874792244","host_organization_name":"European University Institute","host_organization_lineage":["https://openalex.org/I874792244"],"host_organization_lineage_names":[],"type":"repository"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"mag:3125951601","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1714879","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.48510000109672546,"display_name":"Decent work and economic growth"}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","score":0.5099999904632568,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":43,"referenced_works":["https://openalex.org/W118861535","https://openalex.org/W197943412","https://openalex.org/W1494778797","https://openalex.org/W1506676960","https://openalex.org/W1536025864","https://openalex.org/W1545731555","https://openalex.org/W1602287108","https://openalex.org/W1811963277","https://openalex.org/W1963603961","https://openalex.org/W1970459577","https://openalex.org/W2067109693","https://openalex.org/W2082388746","https://openalex.org/W2087024367","https://openalex.org/W2107018096","https://openalex.org/W2113827690","https://openalex.org/W2137957803","https://openalex.org/W2138527100","https://openalex.org/W2144395073","https://openalex.org/W2151515283","https://openalex.org/W2155759063","https://openalex.org/W2162217839","https://openalex.org/W2189139855","https://openalex.org/W2724126269","https://openalex.org/W2890348142","https://openalex.org/W2891416578","https://openalex.org/W3021685756","https://openalex.org/W3022712314","https://openalex.org/W3121684170","https://openalex.org/W3121835984","https://openalex.org/W3122283263","https://openalex.org/W3122627340","https://openalex.org/W3122686575","https://openalex.org/W3123350178","https://openalex.org/W3123583581","https://openalex.org/W3123970111","https://openalex.org/W3124538437","https://openalex.org/W3124737417","https://openalex.org/W3124784092","https://openalex.org/W3125275202","https://openalex.org/W3125669022","https://openalex.org/W4230005674","https://openalex.org/W4285719527","https://openalex.org/W4298302017"],"related_works":["https://openalex.org/W7113224483","https://openalex.org/W7099686293","https://openalex.org/W1544530325","https://openalex.org/W3125605928","https://openalex.org/W2736642724","https://openalex.org/W2073063871","https://openalex.org/W2162988388","https://openalex.org/W7098994692","https://openalex.org/W2103839910","https://openalex.org/W1999523508"],"abstract_inverted_index":{"We":[0],"study":[1],"the":[2,10,13,18,33,66,72,78,81],"contribution":[3,52],"of":[4,32,65,68,71,74,77,80],"money":[5,58],"to":[6],"business-cycle":[7],"fluctuations":[8],"in":[9],"United":[11,14],"States,":[12],"Kingdom,":[15],"Japan,":[16],"and":[17,37,48,76],"euro":[19],"area":[20],"using":[21],"a":[22,62],"small-scale":[23],"structural":[24],"monetary":[25],"business":[26],"cycle":[27],"model.":[28],"Constrained":[29],"likelihood-based":[30],"estimates":[31],"parameters":[34],"are":[35,43],"provided":[36],"time":[38],"instabilities":[39],"analyzed.":[40],"Real":[41],"balances":[42],"statistically":[44],"important":[45],"for":[46],"output":[47],"inflation":[49],"fluctuations.":[50],"Their":[51],"changes":[53],"over":[54],"time.":[55],"Models":[56],"giving":[57],"no":[59],"role":[60],"provide":[61],"distorted":[63],"representation":[64],"sources":[67],"cyclical":[69],"fluctuations,":[70],"transmission":[73],"shocks,":[75],"events":[79],"last":[82],"40":[83],"years.":[84]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":6},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":7}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}