This 2022 Journal of Economic Dynamics & Control paper by Michael Belongia and Peter Ireland asks whether a policy rule that steers the growth rate of money, rather than the short-term nominal …
This 1996 Journal of Political Economy paper by Michael T. Belongia asks a narrow but consequential question: do the qualitative conclusions of recent monetary economics depend on whether money is …
PublishedClassicInternational Journal of Central BankingPublished Mar 2018
This 2014 Journal of Econometrics paper by Michael Belongia and Peter Ireland asks whether Barnett's (1980) decades-old critique of simple-sum monetary aggregation -- that adding up the nominal values …