Money Stock Targeting, Base Drift and Price-Level Predictability: Lessons From the U.K. Experience
收藏NBER1989-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2825
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资源简介：
It is controversial whether money stock targeting without base drift (i.e. following a trend-stationary growth path) makes the price level more predictable in the presence of permanent shocks to money demand. Developing a procedure that does not run into the Lucas critique, and applying this
提供机构：
美国国家经济研究局
创建时间：
1989-01-01
