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 …
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 …