Velocity Futures Markets: Does the Fed Need a Structural Model?

Previous proposals suggesting monetary policy makers target private-sector forecasts have been shown to be problematic. As policy becomes more effective, private-sector forecasts become less informative. Under perfect stabilization private-sector forecasts provide no useful guidance to monetary poli...

Descripción completa

Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 44; no. 4; pp. 716 - 729
Autores principales:	Jackson, Aaron L., Sumner, Scott
Formato:	Artículo
Publicado:	Wiley-Blackwell October 2006
Materias:	Mathematical models of monetary policy Mathematical models Circular velocity of money Central banking industry United States
Acceso en línea:	Ver este registro en EBSCOhost