On dynamic stability in monetary models which incorporate short- and long-run expectations of inflation in the demand for the money function

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

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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:
Journal Article
Journal or Publication Title:
Economics Letters
Uncontrolled Keywords:
/dk/atira/pure/researchoutput/libraryofcongress/hb
Subjects:
ID Code:
55910
Deposited By:
Deposited On:
17 Jul 2012 13:22
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Jan 2020 07:59