ADDING BOND FUNDS TO M2 IN THE P-STAR MODEL OF INFLATION

Authors
BECSI Z DUCA JV
Citation
Z. Becsi et Jv. Duca, ADDING BOND FUNDS TO M2 IN THE P-STAR MODEL OF INFLATION, Economics letters, 46(2), 1994, pp. 143-147
Citations number
5
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
46
Issue
2
Year of publication
1994
Pages
143 - 147
Database
ISI
SICI code
0165-1765(1994)46:2<143:ABFTMI>2.0.ZU;2-Z
Abstract
During the early 1990s, M2 growth has been unusually weak and the P-St ar model has underpredicted inflation; at the same time, bond funds ha ve grown rapidly. We find that the P-Star model performs well recently when M2 is adjusted for bond funds.