Comment on: Samuel Reynard, "Maintaining low inflation: Money, interest rates, and policy stance"

Journal of Monetary Economics

Volumn 54, Issue 5 SPEC. ISS., 2007, Pages 1472-1479

  Nelson, Edward ^a  

^a FEDERAL RESERVE BANK OF ST LOUIS   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34547700806     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2007.06.011     Document Type: Note

References (13)

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3. Bordes, C., Clerc, L., Marimoutou, V., 2007. Is there a structural break in equilibrium velocity in the euro area? Bank of France, Working Paper No. 165.
4. Cogley, T.W., Sbordone, A.M., 2006. Trend inflation and inflation persistence in the New Keynesian Phillips curve. Federal Reserve Bank of New York, Staff Report No. 270.
5. Friedman, M., 1989. Whither Inflation? Wall Street Journal, July 5.
6. Friedman M., and Schwartz A.J. Monetary Trends in the United States and the United Kingdom: Their Relation to Income, Prices, and Interest Rates, 1867-1975 (1982), University of Chicago Press, Chicago
7. Gerlach S. The two pillars of the European Central Bank. Economic Policy 40 (2004) 389-428
8. Goodhart C.A.E. The objectives for, and conduct of, monetary policy in the 1990s. In: Blundell-Wignall A. (Ed). Inflation, Disinflation and Monetary Policy (1992), Ambassador Press, Sydney 314-334
9. Mishkin F.S. The Economics of Money, Banking, and Financial Markets. seventh ed (2004), Pearson Addison Wesley, New York
10. Nelson E. The future of monetary aggregates in monetary policy analysis. Journal of Monetary Economics 50 (2003) 1029-1059
11. Reynard, S., 2007. Maintaining low inflation: money, interest rates, and policy stance. Journal of Monetary Economics 54, this issue.
12. Woodford M. Interest and Prices (2003), Princeton University Press, Princeton, NJ
13. Woodford, M., 2006. How important is money in the conduct of monetary policy? Manuscript, Columbia University.