Non-nested specification tests and the intermediate target for monetary policy

William Gavin () and Mitsuru Toida

No 8301, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An examination of a procedure for comparing non-nested models to the problem of choosing an intermediate target for monetary policy. Six models of economic activity, based on six different monetary aggregates, are compared.

Keywords: Monetary policy; Money supply (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:8301

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