Search Results
Journal Article
The shift in money demand: what really happened?
Journal Article
The prime rate and the cost of funds: is the prime too high?
Journal Article
Monetary policy and short-term real rates of interest
Journal Article
Are money growth and inflation still related?
Despite the long history and the substantial evidence supporting the conclusion that persistent changes in the price level are associated with changes in the money supply, the predicted association remains dis-puted. Is it debated because the empirical relationship holds over time periods so long that it may be uninformative for practitioners and policymakers, who are more concerned about inflation next month or next year? If it takes a generation for the relationship between money growth and inflation to become apparent, it would not be surprising that central bankers and practitioners put ...
Working Paper
Evaluating monetary base targeting rules