Core-Research

Modeling Inflation Expectations in Forward-Looking Interest Rate and Money Growth Rules
In the vast majority of specifications of the foreward-looking policy feedback rule, money growth is a better policy indicator than a short-term interest rate.
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Monetary Transmission in Money Markets: The Not-So-Elusive Missing Piece of the Puzzle
Adding variables to a VAR model may not solve the price puzzle but changing the policy indicator does.
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Decomposing supply and demand driven inflation in Mexico: Evidence from sectoral analysis
Sectoral CPI analysis for Mexico (2006–2024): food dominates supply and demand inflation; services act as a demand floor; housing contributes negligibly.
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Demystifying Monetary Policy Surprises: Fed Response to Financial Conditions and Wait-and-See for New Economic Data
Why monetary policy surprises are predictable: the Fed responds to financial conditions while taking a wait-and-see approach to economic data.
PDF DOI ResearchGate
A Granular Investigation on the Stability of Money Demand
The unstable money demand function can be a result of erroneous measure of money.
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