A different kind of money illusion: the case of long and variable lags

An analysis of how the money supply process can affect the cross-covariance structure of inflation and monetary growth, showing that the Federal Reserve's change in emphasis to monetary targeting in late 1979 could have made the apparently long lag from money growth to inflation virtually disappear in the 1980s.

MoreLess

Year of publication:	1991
Authors:	Bryan, Michael F. ; Gavin, William T.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Money supply

More details

Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 9122
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428253