Date of Original Version
Response or Comment
Journal of Money, Credit and Banking, Volume 40 Issue 8, Pages 1783 - 1790
The definitive version is available at www3.interscience.wiley.com
Abstract or Description
There is hardly any issue of a more fundamental nature, with regard to monetary policy analysis, than whether such analysis can coherently be conducted in models that make no explicit reference whatsoever to any monetary aggregate.