M2 and Monetary Policy : A Critical Review of the Recent Debate

Recently an intense debate has focused on M2's usefulness as an intermediate target for monetary policy. A review of two leading contributions to the debate indicates that their empirical results are sensitive to changes in key assumptions. Moreover, their empirical results lack the deep structural foundations that are necessary for reliable policy analysis

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Year of publication:	2012
Authors:	Dotsey, Michael
Other Persons:	Otrok, Chris (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Geldpolitik \| Monetary policy \| Geldmenge \| Money supply \| Geldmengensteuerung \| Monetary targeting \| Zeitreihenanalyse \| Time series analysis

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Extent:	1 Online-Ressource (19 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: FRB Richmond Economic Quarterly, vol. 80, no. 1, Winter 1994, pp. 41-59 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1994 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013102483