Non-nested specification tests and the intermediate target for monetary policy

An examination of a procedure for comparing non-nested models to the problem of choosing an intermediate target for monetary policy. Six models of economic activity, based on six different monetary aggregates, are compared.

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Year of publication:	1983
Authors:	Toida, Mitsuru ; Gavin, William T.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Monetary policy \| Money supply

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 8301
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428295