How Important is Money in the Conduct of Monetary Policy? A Comme.pdf.pdf' (113.07 kB)
How Important is Money in the Conduct of Monetary Policy? A Comment
journal contribution
posted on 2003-01-01, 00:00 authored by Bennett T. McCallumThere is hardly any issue of a more fundamental nature, with regard to monetary
policy analysis, than whether such analysis can coherently be conducted in models that
make no explicit reference whatsoever to any monetary aggregate.