Federal Reserve Bank of Cleveland
Working Papers (Old Series)
The effects of disinflationary policies on monetary velocity
A study of the effect of disinflation policies on monetary velocity, which shows a systematic relation between unexpected changes in the money-income relationship and changes in the trends of inflation rates, and which concludes that the failure to commit to a stable price policy tends to destabilize the economy.
Cite this item
William T. Gavin & William G. Dewald, The effects of disinflationary policies on monetary velocity, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 8901, 1989.
Keywords: Velocity of money ; Inflation (Finance) ; Monetary policy
This item with handle RePEc:fip:fedcwp:8901
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