Artikel Jurnal :: Kembali

Artikel Jurnal :: Kembali

Do monetary aggregates belong in a monetary model? evidence from the UK

Mehmet Ezer (Bank Indonesia Institute, 2019)


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 Divisia money index for the UK, I employ structural vector autoregression to identify two different UK monetary policy regimes. Inclusion of this (correct) measure of money and disentangling the money supply from demand resolve the price and liquidity puzzles. The results point to the informational content embedded in monetary aggregates, suggesting they should be taken into account in evaluations of monetary policy.


Jenis Koleksi: Artikel Jurnal
No. Panggil : 332 BEMP 22:4 (2019)
Entri utama-Nama orang :
Subjek :
Penerbitan : Jakarta: Bank Indonesia Institute, 2019
Sumber PengataloganLibUI eng rda
Majalah/JurnalBulletin of Monetary Economics and Banking
VolumeVol. 22, No. 4, December 2019: Hal. 507-528
Tipe Konten text
Tipe Media unmediated
Tipe Carrier volume
Akses Elektronik
Institusi Pemilik Universitas Indonesia
Lokasi Perpustakaan UI, Lantai 4, R. Koleksi Jurnal
  • Ketersediaan
  • Ulasan
  • Sampul
No. Panggil No. Barkod Ketersediaan
332 BEMP 22:4 (2019) 08-21-253318965 TERSEDIA
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