Bordo, Michael D. (contributor); Dueker, Michael (contributor) - 2008
"This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … quarters, Friedman argued that “continuation of M2 growth at 2% per year
would imply actual deflation, not negligible …
Inflation, Monetary Policy and Stock Market Conditions:
Quantitative Evidence from a Hybrid Latent-Variable VAR
Michael …