Comments on Edward Nelson, " the Future of Monetary Aggregates in Monetary Policy Analysis " 1
نویسنده
چکیده
This is a very interesting paper about the role of money in monetary-policy analysis (Nelson (2003)). Ed Nelson is the ideal author of such a paper. He is a master of modern monetary economics, including New Keynesian analysis, being a student of Ben McCallum’s and a coauthor with Ben of some of the pioneering contributions to the New Keynesian literature. Ed is also a master of more traditional monetarism, being also a student of Allan Meltzer’s, and Ed is a very explicit admirer of Milton Friedman and Anna Schwartz. Ed presents four questions to be answered:
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