Commodity prices and P-star
An illustration of how the P-star indicator of future inflation can be modified to include information about the recent behavior of commodity prices. This approach yields more accurate short-run inflation forecasts while still retaining the property that, over the long run, only money matters.
Volume (Year): (1992)
Issue (Month): Q I ()
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- repec:bla:restud:v:53:y:1986:i:4:p:671-90 is not listed on IDEAS
- Hallman, Jeffrey J & Porter, Richard D & Small, David H, 1991. "Is the Price Level Tied to the M2 Monetary Aggregate in the Long Run?," American Economic Review, American Economic Association, vol. 81(4), pages 841-58, September.
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