A Monetary Impulse Measure for Medium-Term Policy Analysis /

The paper presents a measure of monetary impulse that is intended to reflect the medium-term inflationary implications of a nation's current monetary policy. The measure consists of the growth rate of the monetary base, adjusted for reserve requirement changes and augmented by an implicit forec...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: McCallum, Bennett
Weitere Verfasser: Hargraves, Monica
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1994.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1994/146
Online Zugang:Full text available on IMF