-implied money market rate is positively correlated with the stance of monetary policy, offering a new perspective on this systematic …

This article uses multi-period ex ante anticipations of money supply growth to estimate the parameters of a model …, suggested by Stanley Fischer, in which money affects real variables only through multi-period errors in anticipations. This … model is tested against an alternative, first evaluated empirically by Robert Barro, in which money affects real variables …

A small, structural model of the monetary business cycle implies that real money balances enter into a correctly … implies that empirical measures of real balances must be adjusted for shifts in money demand to accurately isolate and … quantify the dynamic effects of money on output and inflation. Maximum likelihood estimates of the model's parameters take both …

This paper studies the joint business cycle dynamics of in ation, money growth, nominal and real interest rates and the … velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to …

substantial extent by real variables, such as the terms of trade and oil prices, and nominal variables, such as the money supply …