Title of article
Optimal monetary policy in the presence of a monetarist transmission mechanism
Author/Authors
Palley، نويسنده , , Thomas I. ، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
6
From page
109
To page
114
Abstract
A monetarist transmission mechanism is introduced whereby the money supply directly affects aggregate demand. Money supply and demand disturbances are now distinct. Interest rate targeting dominates for the former, but the issue is ambiguous regarding the latter. © 1997 Elsevier Science S.A.
Keywords
Monetarist transmission mechanism , Optimal policy
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434307
Link To Document