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...

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Detalles Bibliográficos
Autor Principal: McCallum, Bennett
Outros autores: Hargraves, Monica
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1994.
Series:IMF Working Papers; Working Paper ; No. 1994/146
Acceso en liña:Full text available on IMF