Question
Plot on a weekly basis the ratio of currency (FRED code: CURRENCY) to checkable deposits(FRED code: TCD) from the start of 2000 through 2002 and
Plot on a weekly basis the ratio of currency (FRED code: CURRENCY) to checkable deposits(FRED code: TCD) from the start of 2000 through 2002 and then remove the recession bar. Download the data and identify the weekof the downward spike in the graph. Do you think the spike reflects the currency term in thenumerator or the deposits term in the denominator? Explain your reasoning.
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Macroeconomics
Authors: Stephen d. Williamson
5th edition
132991330, 978-0132991339
