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An abstract for this article is not available.
Persistent link: https://www.econbiz.de/10005025402
The Federal Reserve has been announcing target ranges for the growth of M1 and other monetary aggregates since 1975. In “Base Drift and the Longer Run Growth of M1: Experience from a Decade of Monetary Targeting,” Alfred Broaddus and Marvin Goodfriend discuss a technical aspect of the...
Persistent link: https://www.econbiz.de/10005063846
An abstract for this article is not available
Persistent link: https://www.econbiz.de/10005063887
An abstract for this article is not available.
Persistent link: https://www.econbiz.de/10005063958
Monetary policy analysts looking for a model on which to base decisions may consider two popular approaches-the New Keynesian (NK) and the identified vector autoregression (VAR) approaches. Choosing between the two can be difficult: NK models are stylized and have simple rules while structural...
Persistent link: https://www.econbiz.de/10005498208