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Conference Paper
Inflation, growth, and financial intermediation - commentary
Journal Article
Inflation, growth, and financial intermediation - commentary
Journal Article
Short-run effects on money when some prices are sticky
Journal Article
The equilibrium to exchange rates
An abstract for this article is not available
Journal Article
Why a rule for stable prices may dominate a rule for zero inflation
An analysis of how a rule for monetary policy specifying a stable price level may dominate a rule for zero inflation with price-level drift, even in the case where, for purely economic reasons, an inflation rule is preferred.
Conference Paper
Theoretical issues of liquidity effects.
Journal Article
The case for zero inflation
An argument that a monetary policy aimed at eliminating long-run inflation would benefit society by removing price distortion, increasing economic growth, adding liquidity to the economy, and reducing uncertainty associated with price-level drift.