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On dynamic stability in monetary models which incorporate short- and long-run expectations of inflation in the demand for the money function

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On dynamic stability in monetary models which incorporate short- and long-run expectations of inflation in the demand for the money function. / Peel, David.
In: Economics Letters, Vol. 2, No. 2, 1979, p. 131-136.

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@article{fdaca8c401ae4630856ef6b71cc89742,
title = "On dynamic stability in monetary models which incorporate short- and long-run expectations of inflation in the demand for the money function",
abstract = "The demand for money function should depend on the long-run rate of inflation. A model of macroeconomic fluctuations based on short-run unanticipated inflation is used, together with adaptive expectations to develop conditions for price stability. It is shown that Cagan's conditions are neither necessary nor efficient",
author = "David Peel",
year = "1979",
doi = "10.1016/0165-1765(79)90160-5",
language = "English",
volume = "2",
pages = "131--136",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "2",

}

RIS

TY - JOUR

T1 - On dynamic stability in monetary models which incorporate short- and long-run expectations of inflation in the demand for the money function

AU - Peel, David

PY - 1979

Y1 - 1979

N2 - The demand for money function should depend on the long-run rate of inflation. A model of macroeconomic fluctuations based on short-run unanticipated inflation is used, together with adaptive expectations to develop conditions for price stability. It is shown that Cagan's conditions are neither necessary nor efficient

AB - The demand for money function should depend on the long-run rate of inflation. A model of macroeconomic fluctuations based on short-run unanticipated inflation is used, together with adaptive expectations to develop conditions for price stability. It is shown that Cagan's conditions are neither necessary nor efficient

U2 - 10.1016/0165-1765(79)90160-5

DO - 10.1016/0165-1765(79)90160-5

M3 - Journal article

VL - 2

SP - 131

EP - 136

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 2

ER -