Browne, Frank (contributor); Cronin, David (contributor) - 2007
following four variables: a commodity price index (representing the flexible
goods price, p
F
), a consumer price index (for …-run
proportionality between the money stock and the commodity price index and
between the money stock and the consumer price index (CPI …, overshooting) of the commodity
price index from its long run equilibrium value (which is dependent on the size of
the nominal …