Peel, David (1979) On dynamic stability in monetary models which incorporate short- and long-run expectations of inflation in the demand for the money function. Economics Letters, 2 (2). pp. 131-136. ISSN 0165-1765
Full text not available from this repository.Official URL: http://dx.doi.org/10.1016/0165-1765(79)90160-5
Abstract
The demand for money function should depend on the long-run rate of inflation. A model of macroeconomic fluctuations based on short-run unanticipated inflation is used, together with adaptive expectations to develop conditions for price stability. It is shown that Cagan's conditions are neither necessary nor efficient
| Item Type: | Article |
|---|---|
| Journal or Publication Title: | Economics Letters |
| Subjects: | H Social Sciences > HB Economic Theory |
| Departments: | Lancaster University Management School > Economics |
| ID Code: | 55910 |
| Deposited By: | ep_importer_pure |
| Deposited On: | 17 Jul 2012 14:22 |
| Refereed?: | Yes |
| Published?: | Published |
| Last Modified: | 26 Jul 2012 20:44 |
| Identification Number: | |
| URI: | http://eprints.lancs.ac.uk/id/eprint/55910 |
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