Answers are grounded in this paper and cite their sources.
Theoretical modeling demonstrates interest rate determination of price levels in market economies, suggesting monetary aggregates are unnecessary for inflation control.
No abstract yet. The journal hasn't published one we can show.
No takes yet. Share an insight, caveat, or question.
Woodford et al. (2005) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: