Biscarri, Javier Gómez; Moreno, Antonio; Gracia, … - In: Journal of Policy Modeling 32 (2010) 1, pp. 138-154
In this paper we account for the U.S. Fed's response to money demand shocks by allowing for less-than-complete accommodation in the estimation of the Fed's money supply policy rule. We find a significantly lower degree of money accommodation in the 1979-1982 period, which hints at money...
