Binner, Jane M.; Tino, Peter; Tepper, Jonathan; … - 2009 - rev.
, for example,
Stock and Watson (1999, 2007). Moreover, as noted by the Chairman of the Federal Reserve
Board, Ben … Bernanke, monetary aggregates have not played a central role in the formulation
of US monetary policy, since 1982. He further … states in Bernanke (2006) “Why have
monetary aggregates not been more influential in U.S. monetary policymaking, despite the …