Some even more unpleasant monetarist arithmetic

Canadian Journal of Economics

Volumn 31, Issue 3, 1998, Pages 596-623

  Bhattacharya, Joydeep ^a   Guzman, Mark G ^b   Smith, Bruch D ^c  

^a UNIVERSITY AT BUFFALO   (United States)

^b WELLESLEY COLLEGE   (United States)

^c UNIVERSITY OF TEXAS AT AUSTIN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

DEBT; ECONOMIC THEORY; INFLATION;

EID: 0345471478     PISSN: 00084085     EISSN: None     Source Type: Journal    
DOI: 10.2307/136204     Document Type: Article

References (22)

1. Azariadis, C. (1993) Intertemporal Macroeconomics (New York: Basil Blackwell)
2. Boyd, J.M., S. Choi, and B.D. Smith (1996) 'Inflation, financial markets, and capital formation,' Federal Reserve Bank of St Louis Review, 78 (3). 9-35
3. Darby, M.R. (1984) 'Some pleasant monetarist arithmetic,' Federal Reserve Bank of Minneapolis Quarterly Review 8, 15-20
4. Drazen, A. (1985) 'Tight money and inflation: further results,' Journal of Monetary Economics 15, 113-20
5. Espinosa, M., and S. Russell. 'Open market operations with conventional lasting real effects,' Canadian Journal of Economics, forthcoming
6. Fama, E., and W.G. Schwert (1977) 'Asset returns and inflation,' Journal of Financial Economics 5, 115-46
7. Federal Reserve Bulletin, Nov. 1996, A27
8. Friedman, M.(1960) A Program for Monetary Stability (New York Fordham University Press)
9. Gale, D. (1973) 'Pure exchange equilibrium of dynamic economic models,' Journal of Economic Theory 6, 12-36
10. Liviatan, N. (1984) 'Tight money and inflation,' Journal of Monetary Economics 13, 5-15
11. Miller, P.R., and T.J. Sargent (1984) 'A reply to Darby,' Federal Reserve Bank of Minneapolis Quarterly Review 8, 21-6
12. Sargent, T.J. (1987) Dynamic Macroeconomic Theory (Cambridge, MA: Harvard University Press)
13. Sargent, T. J., and B.D. Smith (1987a) 'The irrelevance of open market operations in some economies with government currency being dominated in rate of return,' American Economic Review 77, 78-92
14. _ (1987b) 'The irrelevance of government foreign exchange operations,' in The Economic Effects of the Government Budget, ed. E. Helpman, A. Razin, and E. Sadka (Cambridge, MA: MIT Press)
15. Sargent, T.J., and N. Wallace (1981) 'Some unpleasant monetarist arithmetic,' Federal Reserve Bank of Minneapolis Quarterly Review 5, 1-17
16. Smith, B.D. (1988) 'Legal restrictions, 'sunspots,' and Peel's Bank Act: the real bills doctrine versus the quantity theory reconsidered,' Journal of Political Economy 96, 3-19
17. _ (1991) 'Interest on reserves and sunspot equilibria: Friedman's proposal reconsidered,' Review of Economic Studies 58, 93-105
18. _ (1994) 'Efficiency and determinacy of equilibrium under inflation targeting,' Economic Theory 4, 327-44
19. Wallace, N (1981) 'A Modigliani-Miller theorem for open market operations,' American Economic Review 71, 267-74
20. _ (1984) 'Some of the choices for monetary policy,' Federal Reserve Rank of Minneapolis Quarterly Review 8, 15-24
21. Woodford, M. (1990) 'The optimum quantity of money,' in Handbook of Monetary Economics, ed. B. Friedman and F. Hahn (Amsterdam North-Holland)
22. _ (1994) 'Monetary policy and price level determinacy in a cash-in-advance economy,' Economic Theory 4, 345-80