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Year: 1978 Publisher: México, D.F.: Centro de estudios monetarios latinoamericanos,
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Year: 1976 Publisher: Milano: Vita e pensiero,
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ISBN: 9783525112458 3525112459 Year: 1978 Publisher: Gttingen: Vandenhoeck und Ruprecht,
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Year: 1984 Publisher: Leuven : KUL. Faculteit der Economische en Toegepaste Economische Wetenschappen,
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Year: 1989 Publisher: Cambridge, Mass. National Bureau of Economic Research
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It is controversial whether money stock targeting without base drift (i.e. following a trend-stationary growth path) makes the price level more predictable in the presence of permanent shocks to money demand. Developing a procedure that does not run into the Lucas critique, and applying this procedure to the case of the U.K., the paper finds that the variance of the trend inflation rate in the U.K. would have been reduced by more than one half if the Bank of England had not allowed base drift.
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ISBN: 8290130031 Year: 1975 Publisher: Oslo Norges bank
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ISBN: 3857438398 Year: 1978 Publisher: Zürich Industrielle Organisation
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ISBN: 3790800643 Year: 2003 Publisher: Heidelberg Physica
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Year: 1985 Publisher: [Washington, D.C.] : [Board of Governors of the Federal Reserve System],
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Econometric models. --- Demand for money --- Mathematical models.
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Year: 1985 Publisher: [Washington, D.C.] : [Board of Governors of the Federal Reserve System],
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Econometric models. --- Demand for money --- Mathematical models.
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