{"title":"The Effects of Disinflationary Policies on Monetary Velocity","authors":"W. Gavin, W. DeWald","doi":"10.26509/frbc-wp-198901","DOIUrl":null,"url":null,"abstract":"A study of the effect of disinflation policies on monetary velocity, which shows a systematic relation between unexpected changes in the money-income relationship and changes in the trends of inflation rates, and which concludes that the failure to commit to a stable price policy tends to destabilize the economy.","PeriodicalId":38832,"journal":{"name":"Cato Journal","volume":"36 1","pages":"149-164"},"PeriodicalIF":0.0000,"publicationDate":"1989-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Cato Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.26509/frbc-wp-198901","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 6
Abstract
A study of the effect of disinflation policies on monetary velocity, which shows a systematic relation between unexpected changes in the money-income relationship and changes in the trends of inflation rates, and which concludes that the failure to commit to a stable price policy tends to destabilize the economy.
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