ON THE PROPERTIES OF ALTERNATIVE MONETARY RULES IN AN EXTENSION OF BLACK'S MODEL.

The purpose of this paper is to compare the properties of alternative monetary rules. Our framework for this analysis involves an extension of the model developed by Black (1974). We introduce permanent income into the demand for money function and allow for a distributed impact of excess demand on...

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Publicado en:	European Economic Review Vol. 9; no. 2; pp. 195 - 209
Autor principal:	Peel, D. A.
Formato:	Artículo
Publicado:	Elsevier B.V. May77
Materias:	Money Monetary policy Monetary theory Money supply Effect of inflation on income Price inflation Phillips curve Demand function Economic demand
Acceso en línea:	Ver este registro en EBSCOhost