Discussion of "Putting 'M' back in monetary policy" by Eric Leeper and Jennifer Roush

Journal of Money, Credit and Banking

Volumn 35, Issue 6 II, 2003, Pages 1257-1264

  Smets, Frank ^a  

^a EUROPEAN CENTRAL BANK   (Germany)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 3142706734     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Conference Paper

References (14)

1. Andres, I., D. Lopez-Salido, and J. Valles (2002). "Money in an Estimated Business Cycle Model of the Euro Area." Documento de Trabajo 0121, Banca de España, Madrid, Spain.
2. Barth, M., and V. Ramey (2001). "The Cost Channel of Monetary Transmission." Macroeconomics Annual, 199-239.
3. Chari, V.V., P. Kehoe, and E. McGrattan (2000). "Sticky Price Models of the Business Cycle; Can the Contract Multiplier Solve the Persistence Problem?" Econometrica 68,1151-1179.
4. Christiano, L., M. Eichenbaum, and C. Evans (2001). Nominal Rigidities and the Dynamic Effect of a Monetary Policy Shock. Journal of Political Economy, forthcoming.
5. Coenen, G., A. Levin, and V. Wieland (2001). "Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy." European Economic Review, forthcoming.
6. European Central Bank (2003). Overview of the Background Studies for the Reflections on the ECB's Monetary Policy Strategy. Frankfurt, Germany: European Central Bank, http://www.ecb.int.
7. Gerdesmeier, D., and B. Roffia (2002). "Empirical Estimates of Reaction Functions for the Euro Area." ECB Working Paper No. 206. Frankfurt, Germany.
8. Gerlach, S., and L. Svensson (2002). "Money and Inflation in the Euro Area: A Case for Monetary Indicators?" Journal of Monetary Economics, forthcoming.
9. Ireland, P. (2001). "Money's Role in the Monetary Business Cycle." Journal of Money, Credit, and Banking, forthcoming.
10. Leeper, Eric M., and Jennifer E. Roush (2003). "Putting 'M' Back in Monetary Policy." Journal of Money, Credit, and Banking 35, 1217-1256. (this issue of JMCB)
11. Nelson, E. (2002a). "Direct Effects of Base Money on Aggregate Demand: Theory and Evidence." Journal of Monetary Economics 49, 687-708.
12. Nelson, E. (2002b). The Future of Monetary Aggregates in Monetary Policy Analysis. Mimeo, Bank of England.
13. Nicoletti-Altimari, S. (2001). "Does Money Lead Inflation in the Euro Area?" ECB Working Paper, May 2001. Frankfurt, Germany.
14. Trecrocci, C., and J.L. Vega (2002). "The Information Content of M3 for Future Inflation." Weltwirtschaftliches Archiv 138, 22-53.