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Author:Motley, Brian 

Journal Article
Whither the unemployment rate?

Economic Review , Issue Spr , Pages 40-54

Journal Article
Monetary policy and velocity

FRBSF Economic Letter

Journal Article
The saving shortfall

FRBSF Economic Letter

Working Paper
The demand for money: where do we stand?

Working Papers in Applied Economic Theory , Paper 88-02

Journal Article
Risk, insurance and central banking

FRBSF Economic Letter

Journal Article
Predicting the money stock: a comparison of alternative approaches

Economic Review , Issue Spr , Pages 38-54

Journal Article
Consumption, oil prices and the dollar

FRBSF Economic Letter

Journal Article
Consumption, saving and asset accumulation

Economic Review , Issue Win , Pages 37-54

Journal Article
Controlling inflation with an interest rate instrument

In this paper we examine the effectiveness in controlling long-run inflation of feedback rules for monetary policy that link changes in a short-term interest rate to an intermediate target for either nominal GDP or M2. We conclude that a rule aimed at controlling the growth rate of nominal GDP with an interest rate instrument could be an improvement over a purely discretionary policy. Our results suggest that the rule could provide better long-run control of inflation without increasing the volatility of real GDP or interest rates. Moreover, such a rule could assist policymakers even if it ...
Economic Review

Journal Article
Bias in the CPI: "roughly right or precisely wrong"

FRBSF Economic Letter

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