Asako, Kazumi; Wagner, Helmut - In: Scottish Journal of Political Economy 39 (1992) 2, pp. 167-87
By emphasizing the effect of forward-looking price expectations on aggregate demand, the authors investigate the relative performances of two rule policies, i.e., money supply targeting and nominal income targeting. Unlike earlier conclusions reached by C. Bean (1983) and K. D. West (1986), the...