Can tighter money now mean higher inflation now?
1998 (English)In: JOURNAL OF MONEY CREDIT AND BANKING, Vol. 30, no 3, 404-410 p.Other (Other scientific)
Sargent and Wallace (1981) have shown by an example, termed "spectacular," that a decrease in the growth rate of money may increase the rate of inflation-not only in the future, but even initially. I show that this spectacular result ceases to hold when
Place, publisher, year, edition, pages
OHIO STATE UNIV PRESS , 1998. Vol. 30, no 3, 404-410 p.
IdentifiersURN: urn:nbn:se:uu:diva-59467OAI: oai:DiVA.org:uu-59467DiVA: diva2:87377
Addresses: Schulze HD, Univ Uppsala, S-75105 Uppsala, Sweden. Univ Uppsala, S-75105 Uppsala, Sweden.2008-10-172008-10-17