I am grateful to Michael Dotsey, David López-Salido, Bennett McCallum, Samuel Reynard, Argia Sbordone, and Michael Woodford for useful conversations on the subject matter of this paper, and to the editor, three anonymous referees, and seminar participants at the Federal Reserve Bank of St. Louis for feedback on an earlier draft. Faith Weller provided research assistance. The views expressed here are mine and should not be interpreted as those of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors.
Why Money Growth Determines Inflation in the Long Run: Answering the Woodford Critique
Version of Record online: 24 NOV 2008
© 2008 The Ohio State University
Journal of Money, Credit and Banking
Volume 40, Issue 8, pages 1791–1814, December 2008
How to Cite
NELSON, E. (2008), Why Money Growth Determines Inflation in the Long Run: Answering the Woodford Critique. Journal of Money, Credit and Banking, 40: 1791–1814. doi: 10.1111/j.1538-4616.2008.00183.x
- Issue online: 24 NOV 2008
- Version of Record online: 24 NOV 2008
- Received May 6, 2008; and accepted in revised form August 8, 2008.
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