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Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary Policies and the Great Inflation
Monetary Policies Inflation
2015/8/3
This paper documents the evolution of long-run inflation expectations and models the stance
of monetary policy from 1965 to 1980. A host of survey-based measures and financial market
data indicate t...
Empirical Evaluations of the U.S. and Canadian Monetary Policies and the Associated Causal Linkages
unit roots cointegration vector error correction model target interest rate,
2011/8/21
This study examined the effectiveness of U.S. and Canadian monetary policies. The study employed the methodology of multivariate cointegration and the estimation of Vector Error Correction Model (VECM...