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On the Welfare Cost of Inflation and the Recent Behavior of Money Demand

Peter N Ireland

American Economic Review, 2009. DOI 10.1257/aer.99.3.1040

Has this study been replicated?

The atlas records 1 replication of this study. Recorded outcomes: 1 mixed.

Replications

• The demand for money at the zero interest rate bound, Watanabe & Yabu (2023). Outcome recorded: mixed. captured well by the log–log specification but not by the semi‐log specification, contrary to the result obtained by Ireland (2009). View paper

Other studies in the atlas

• The demand for money at the zero interest rate bound
• Real-Time Properties of the Federal Reserve's Output Gap
• The Federal Reserve's output gap: The unreliability of real‐time reliability tests
• Measuring real activity using a weekly economic index
• US weekly economic index: Replication and extension
• Workplace Heterogeneity and the Rise of West German Wage Inequality*

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