The capability of monetary aggregates to generate stable links with fundamental economic indicators verifies the effectiveness of monetary targeting. However, traditional monetary …
LL Cour, R MacDonald - Journal of Business & Economic Statistics, 2000 - Taylor & Francis
The proposal that a reformed international monetary system be designed around currency blocs has gained some popularity of late. In Europe, the formation of the Euro formalizes the …
AbStrAct bNM has discarded the use of monetary targeting due to the speeding up of financial reforms as the relationship between money and important macroeconomic …
Using data from Friedman and Schwartz (1982), Hendry and Ericsson (1991a) developed an annual model of the demand for broad money in the UK over the sample 1878-1975. We …