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References
1 Oct 1996
RDP
9604
182–244. Stevens, G. and S. Thorp (1989), ‘ The Relationship Between Financial Indicators and Economic Activity: Some Further Evidence’, in I.
https://www.rba.gov.au/publications/rdp/1996/9604/references.html
The Monetary Policy Transmission Process
1 Oct 1996
RDP
9604
VAR analysis by Stevens and Thorp (1989) looking at relationships between financial and activity variables found the role of money aggregates to be weak and highly sensitive to model specification and
https://www.rba.gov.au/publications/rdp/1996/9604/monetary-policy-transmission-process.html