innovation is our use of Divisia M4, the broadest monetary aggregate currently available for the United States, as the policy … monetary aggregate. Third, during normal conditions policy shocks from our Divisia-based model have similar effects on … variables to those found in the Fed Funds model of monetary policy, and where there are differences our model with Divisia M4 …

innovation is our use of Divisia M4, the broadest monetary aggregate currently available for the United States, as the policy … monetary aggregate. Third, during normal conditions policy shocks from our Divisia-based model have similar effects on … variables to those found in the Fed Funds model of monetary policy, and where there are differences our model with Divisia M4 …

Irving Fisher's encounter with the Quantity theory of Money began in the 1890s, during the debate about bimetallism …, and reached its high point in 1911 with the publication of The Purchasing Power of Money. His most important refinement of …

Irving Fisher's encounter with the Quantity theory of Money began in the 1890s, during the debate about bimetallism …, and reached its high point in 1911 with the publication of The Purchasing Power of Money. His most important refinement of …