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Velocity of money and productivity growth : explaining the 2 % inflation target in the U.S. (1959-2007) †

Faugere, Christophe - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-34

This article provides a macro-foundation for why the specific value of 2% is a valid inflation target. The approach postulates that innovations generate transactional cost savings by comparison to barter. The optimal velocity of money is derived as a function of productivity growth and of...

Persistent link: https://www.econbiz.de/10014502336

Oil and the great moderation

Pescatori, Andrea (contributor); Nakov, Anton (contributor) - 2007

Persistent link: https://www.econbiz.de/10003727389

Oil prices and economic activity : an asymmetric cointegration approach

Lardic, Sandrine; Mignon, Valérie - In: Energy economics 30 (2008) 3, pp. 847-855

Persistent link: https://www.econbiz.de/10003744727

Déterminants du prix du pétrole et impacts sur l'économie

Lescaroux, François; Mignon, Valérie - In: Revue française d'économie : RFE 23 (2008) 2, pp. 179-214

Persistent link: https://www.econbiz.de/10003783230

Oil and the great moderation

Nakov, Anton; Pescatori, Andrea - 2007

Persistent link: https://www.econbiz.de/10003619647

Oil shocks and real U.S. income

Huntington, Hillard G. - In: The energy journal 28 (2007) 4, pp. 31-46

Persistent link: https://www.econbiz.de/10003622094

Slow oil shocks and the "weakening of the oil price-macroeconomy relationship"

Naccache, Théo - In: Energy policy 38 (2010) 5, pp. 2340-2345

Persistent link: https://www.econbiz.de/10008654210

Oil and US GDP : a real-time out-of-sample examination

Ravazzolo, Francesco; Rothman, Philip - 2010

Persistent link: https://www.econbiz.de/10008656224

Oil and the great moderation

Nakov, Anton; Pescatori, Andrea - In: The economic journal : the journal of the Royal … 120 (2010) 543, pp. 131-156

Persistent link: https://www.econbiz.de/10003960609

Do oil prices help forecast US real GDP? : the role of nonlinearities and asymmetries

Kilian, Lutz; Vigfusson, Robert J. - 2012

Persistent link: https://www.econbiz.de/10009559685

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