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4. On Sticky Prices: Academic Theories Meet the Real World
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Chapters in this book
- Frontmatter i
- Contents vii
- Acknowledgments ix
- Introduction 1
- 1. The Use of a Monetary Aggregate to Target Nominal GDP 7
- 2. Nominal Income Targeting 71
- 3. Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions? 95
- 4. On Sticky Prices: Academic Theories Meet the Real World 117
- 5. What Determines the Sacrifice Ratio? 155
- 6. Measuring Core Inflation 195
- 7. Monetary Policy and Bank Lending 221
- 8. Historical Perspectives on the Monetary Transmission Mechanism 263
- 9. Federal Reserve Policy: Cause and Effect 307
- Contributors 335
- Author Index 337
- Subject Index 341
Chapters in this book
- Frontmatter i
- Contents vii
- Acknowledgments ix
- Introduction 1
- 1. The Use of a Monetary Aggregate to Target Nominal GDP 7
- 2. Nominal Income Targeting 71
- 3. Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions? 95
- 4. On Sticky Prices: Academic Theories Meet the Real World 117
- 5. What Determines the Sacrifice Ratio? 155
- 6. Measuring Core Inflation 195
- 7. Monetary Policy and Bank Lending 221
- 8. Historical Perspectives on the Monetary Transmission Mechanism 263
- 9. Federal Reserve Policy: Cause and Effect 307
- Contributors 335
- Author Index 337
- Subject Index 341