Hazards in Implementing a Monetary Conditions Index

K.H. Eika, Neil Ericsson and Ragnar Nymoen ()

Memorandum from Oslo University, Department of Economics

Abstract: We show that a monetary conditions index in unlikely to be a useful operational policy tool unless numerous assumptions are satisfied by the empirical model from the MCI is dirived.

Keywords: MONETARY POLICY; INFLATION (search for similar items in EconPapers)
JEL-codes: E50 E58 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1996
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Citations: View citations in EconPapers (61)

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Journal Article: Hazards in Implementing a Monetary Conditions Index (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:osloec:1996_032

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