Comments on a monetarist approach to demand management

Monetary policy ; Macroeconomics

A comparative static analysis of some monetarist propositions

Monetary policy ; Fiscal policy

Views on deficits and interest rates

Interest rates ; Budget deficits

Editor's introduction

Monetary policy

A review of empirical studies of the money supply mechanism

Money supply

Monetary aggregates, monetary policy and economic activity

Monetary policy ; Velocity of money

Identification of dynamic economic models from reduced form VECM structures: an application of covariance restrictions

This analysis is a straightforward implementation of both long-run and short-run identifying or overidentifying restrictions on a vector error correction model in the "structural VAR" framework. The framework utilizes covariance restrictions, long-run multiplier restrictions, error correction coefficient restrictions, and restrictions on slope coefficients of the stimultaneous interactions in the "economic model." The framework is general enough to incorporate restrictions on impact multipliers. Two examples are provided. The first example is a dynamic M2 demand specification with a comparison to previous results that are constructed using restrictions on distributed lag coefficients to achieve identification. The second example illustrates the identification of equilibrium short-term and long-term interest responses of money demand using error-correction coefficient restrictions when the individual coefficients are underidentified in the cointegrating vectors in the presence of stationary interest rate spreads.Econometric models ; Demand for money

Interest rate volatility and alternative monetary control procedure

Monetary policy - United States ; Interest rates ; Federal Open Market Committee

On the costs and benefits of anti-inflation policies

Inflation (Finance)

Flation

“Flation” is an article adapted from a speech of the same title presented before the International Mass Retail Association Leadership Forum, Scottsdale, Arizona, January 21, 2002.Monetary policy ; Inflation (Finance) ; Deflation (Finance)