haku: @journal_id 649 / yhteensä: 172
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| Tekijä: | Ruge-Murcia, F. |
| Otsikko: | The effects of learning and signaling on money demand: with an application to heterodox inflation stabilization programs |
| Lehti: | Empirical Economics
2000 : VOL. 25:1, p. 61-92 |
| Asiasana: | EMPIRICAL RESEARCH ECONOMICS MONEY DEMAND |
| Kieli: | eng |
| Tiivistelmä: | This paper develops a nonlinear vector autoregression of inflation and money growth subject to changes in regime. The regimes are fully characterized by the mean and variance of inflation and are conjectured to be the result of alternative government policies. Agents are unable to observe directly whether government actions are indeed consistent with the inflation rate targeted as part of a stabilization program. |
SCIMA