haku: @author Rotheli, F. / yhteensä: 1
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Tekijä: | Rotheli, F. |
Otsikko: | Money supply and money demand determinants of Swiss inflation |
Lehti: | Schweizerische Zeitschrift für Volkswirtschaft und Statistik
1990 : VOL. 126:1, p. l-16 |
Asiasana: | INFLATION SWITZERLAND ECONOMETRIC MODELS |
Kieli: | eng |
Tiivistelmä: | The article analyses with econometric methods Swiss monetary policy and its impact on inflation. A second order Pascal lag adjustment of the price level is assumed. It turns out that inflation speeded up in 1982-83 not because of loose control of the monetary base but because higher interest rates increased the cost of holding money and thereby reduced the demand for money. |
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