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Journal Article
Estimating exchange rate effects on exports: a cautionary note
Journal Article
Outlook for agriculture in 1983
Journal Article
Why do food prices increase?
Working Paper
An admissible monetary aggregate for the United Kingdom
Working Paper
Selecting an intermediate target variable for monetary policy when the goal is price stability
Conventional investigations of the "best" intermediate target variable for monetary policy have used a single criterion: the best fit between the behavior of an aggregate and that of some goal variable such as nominal spending or the aggregate price level. Ignored in this type of study, however, is the ability of the central bank to control the behavior of the aggregate which has the best fit relative to the goal variable. This paper treats the issue of monetary control explicitly and selects an intermediate target variable on the basis of a joint criterion of monetary control and ...
Working Paper
Interest-bearing checkable deposits: are they "money"?