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Friedman's Money Supply Rule vs. Optimal Interest Rate Policy

✍ Scribed by George W. Evans; Seppo Honkapohja


Book ID
110743757
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
150 KB
Volume
50
Category
Article
ISSN
0036-9292

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## Abstract We use Japanese aggregate and disaggregate money demand data to show that conflicting inferences can arise. The aggregate data appears to support the contention that there was no stable money demand function. The disaggregate data shows that there was a stable money demand function. Nei