The Lag from Monetary Policy Actions to Inflation: Friedman Revisited

By Nicoletta Batini, Edward Nelson. 2001

209 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8dd9857b16152bc20cafda944287df2a98339b56

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Citations in the corpus

How Important is Money in the Conduct of Monetary Policy (2006, unknown): “And the fact that inflation targeting central banks dispense with monetary targets and analyze their policy options using models with no role for money does not imply any return to the policy framework that led to (or at any rate allowed) the inflation of the 1970s.(5) Indeed, not even Milton Friedm”
Long Run Evidence on Money Growth and Inflation (2009, unknown): “) 8To the very best of my knowledge, this argument was first made by Batini and Nelson (2002) based on the analysis of raw U.K. and U.S. data since the Gold Standard. As discussed in Batini and Nelson (2002), Friedman (1961) originally made the conceptually related argument that ‘[f ]or the United S”
The Future of Monetary Aggregates in Monetary Policy Analysis (2003, background): “…strict inflation-targeting regime should lead to a zero correlation between money growth and inflation, there are several grounds for expecting positive and significant correlations between money growth and inflation under inflation targeting in practice (see Batini and Nelson, 2001, p. 388).”
Commodity Prices, Money and Inflation (2007, result): “It then rises steadily to a peak at quarter 12, a result in line with the recent findings of Batini and Nelson (2001) on the peak response of CPI inflation to money growth, and broadly coinciding with commodity price inflation turning negative in value.”
Assessing excess liquidity in the euro area: the role of sectoral distribution of money (2011, background): “E-mail: andrea.nobili@bancaditalia.it 1 In particular, recent contributions by Batini and Nelson (2001), Nelson (2003) and Bagliano and Morana (2007) found strong evidence of high correlation between inflation and money growth for the United States and the United Kingdom, while Coenen and Vega…”
Transmission Lags of Monetary Policy: A Meta-Analysis (2012, background): “A common claim about the transmission mechanism of monetary policy is that it has “long and variable” lags (Friedman, 1972; Batini & Nelson, 2001; Goodhart, 2001).”
Inflation Persistence: Facts or Artefacts? (2004, unknown): “For instance Batini and Nelson (2002) and Batini (2002) distinguish three different types of persistence: (1) “positive serial correlation in inflation”, 2) “lags between systematic monetary policy actions and their (peak) effect on inflation”; and (3) “lagged responses of inflation to…”
Has the Inflation Process Changed (2006, background): “The AR coefficient is often close to one in a large number of countries when estimated on inflation data over the past twenty years or so (Clark, 2003; Gadzinski and Orlandi, 2004; Levin and Piger, 2003; Batini, 2002; Batini and Nelson, 2001; O’Reilly and Whelan, 2004; Stock, 2001).”