In the New-Keynesian model, optimal interest rate policy under uncertainty is formulated without reference to monetary … criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross … include additional robustness checks. In earlier work, we proposed an interest rate rule that is near-optimal in normal times …

Money demand is probably one of the most extensively studies economic relationships in applied economics. While useful …

of money market interest rates is compared across countries and evidence is presented. … of the EU money markets. Second , evidence is presented on the relative roles of different instruments in EU …

money balances, building on Varian (1983). If additive separability is rejected, then real balances enter into the … sample period back to the 1980s, a period characterised by higher volatility in inflation and money growth. JEL …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation …