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Chapter 3. Money and Inflation : Some Critical Issues

McCallum, Bennett T.; Nelson, Edward - In: Handbook of monetary economics : volume 3, (pp. 97-153). 2010

We consider what, if any, relationship there is between monetary aggregates and inflation, and whether there is any … paribus unitary relationship between inflation and money growth. Simulations of a New Keynesian model suggest that we should … allowance needed for the phase shift in the relationship between monetary growth rates and inflation. While financial innovation …

Persistent link: https://www.econbiz.de/10014025677

Money and Inflation : Some Critical Issues

McCallum, Bennett T. - 2011

Persistent link: https://www.econbiz.de/10013118439

Inflation Targeting for the United States

McCallum, Bennett T.

toward inflation targeting as a policy regime for the Federal Reserve. One leading manifestation was a prominent article in …

Persistent link: https://www.econbiz.de/10009483023

Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies

McCallum, Bennett T. - International Monetary Fund (IMF) - 1992

Much recent analysis of international monetary and fiscal policy issues, such as the choice of an exchange-rate regime or the design of a policy coordination scheme, has been conducted by stochastic simulations with multicountry econometric models. In these studies, it has become standard...

Persistent link: https://www.econbiz.de/10005264022