DO MONETARY AGGREGATES BELONG IN A MONETARY MODEL? EVIDENCE FROM THE UK

Conventional monetary models focus on interest rates and omit monetary aggregates from policy discussions. This paper examines whether augmenting the measure of monetary policy with monetary aggregates helps determine more robust links between policy and economic fluctuations. After constructing the...

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Bibliographic Details

Published in:	Buletin Ekonomi Moneter dan Perbankan
Main Author:	Mehmet Ezer
Format:	Article
Language:	English
Published:	Bank Indonesia 2020-01-01
Subjects:	time series models monetary policy central bank policies
Online Access:	https://www.bmeb-bi.org/index.php/BEMP/article/view/1184