Date of Original Version

7-2008

Type

Response or Comment

Published In

Journal of Money, Credit and Banking, Volume 40 Issue 8, Pages 1783 - 1790

Rights Management

The definitive version is available at www3.interscience.wiley.com

Abstract or Table of Contents

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.