The title of these comments in the program is the optimal rate of money growth. I am certain that the Board members do not intend to hold a discussion at the level at which that topic is discussed by economists, so I have interpreted the topic liberally. The related issues that I discuss are: (1) the path for money growth (2) the problem of variability of monetary growth, and (3) the consequences of variable money growth for interest rates.</p
We study results of the cash in advance and money in utility models about the nature of fluctuations...
There is large body of empirical literature devoted to study the relationship between inflation and ...
Many controversial issues traditionally rear their heads when the focus of attention is the conduct ...
The Federal Reserve has had an objective of increasing the money stock (M1B) since late 1979 at a ra...
There are two distinct ways of interpreting the question that serves as a title for this session. O...
This paper takes an alternative approach to the topic of money and growth by developing a model in w...
The relation between inflation and the growth of money is a central issue in current policy discussi...
Late in 1982, the growth of the money supply (MI) accelerated sharply while nominal GNP growth decli...
This comment refers toa paper by Gersbach (1993) on the relationship between money growth and inflat...
MONETARY theory has been a very active field, and the pace of development has probably accelerated i...
This paper investigates the effects of wealth−enhanced social status using an optimizing monetary gr...
The rate of interest – the price of money – is said to be a key policy tool. Economics has in genera...
There are no good monetary policy options. Since policymakers must choose between alternative polici...
Milton Friedman, one of greatest economists of all time, died on November 16, 2006 at age 94. He w...
I greatly enjoyed reading Milton Friedman’s paper and I appreciate the opportunity to offer some com...
We study results of the cash in advance and money in utility models about the nature of fluctuations...
There is large body of empirical literature devoted to study the relationship between inflation and ...
Many controversial issues traditionally rear their heads when the focus of attention is the conduct ...
The Federal Reserve has had an objective of increasing the money stock (M1B) since late 1979 at a ra...
There are two distinct ways of interpreting the question that serves as a title for this session. O...
This paper takes an alternative approach to the topic of money and growth by developing a model in w...
The relation between inflation and the growth of money is a central issue in current policy discussi...
Late in 1982, the growth of the money supply (MI) accelerated sharply while nominal GNP growth decli...
This comment refers toa paper by Gersbach (1993) on the relationship between money growth and inflat...
MONETARY theory has been a very active field, and the pace of development has probably accelerated i...
This paper investigates the effects of wealth−enhanced social status using an optimizing monetary gr...
The rate of interest – the price of money – is said to be a key policy tool. Economics has in genera...
There are no good monetary policy options. Since policymakers must choose between alternative polici...
Milton Friedman, one of greatest economists of all time, died on November 16, 2006 at age 94. He w...
I greatly enjoyed reading Milton Friedman’s paper and I appreciate the opportunity to offer some com...
We study results of the cash in advance and money in utility models about the nature of fluctuations...
There is large body of empirical literature devoted to study the relationship between inflation and ...
Many controversial issues traditionally rear their heads when the focus of attention is the conduct ...
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