A different kind of money illusion: The case of long and variable lags
AbstractAn analysis of how the money supply process can affect the cross-covariance structure of inflation and monetary growth, showing that the Federal Reserve's change in emphasis to monetary targeting in late 1979 could have made the apparently long lag from money growth to inflation virtually disappear in the 1980s.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Policy Modeling.
Volume (Year): 16 (1994)
Issue (Month): 5 (October)
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Web page: http://www.elsevier.com/locate/inca/505735
Other versions of this item:
- Michael F. Bryan & William T. Gavin, 1991. "A different kind of money illusion: the case of long and variable lags," Working Paper 9122, Federal Reserve Bank of Cleveland.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Dave, Chetan & Dressler, Scott, 2007. "Market structure and business cycles: Do nominal rigidities influence the importance of real shocks?," MPRA Paper 1794, University Library of Munich, Germany.
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