@article{Stabilization:4256,
      recid = {4256},
      author = {Duguay, P. and Jenkins, P.},
      title = {Economic Stabilization and the Money Supply},
      publisher = {Bank of Canada},
      address = {1978},
      pages = {1 online resource (ii, 36 pages)},
      abstract = {In this report the authors discuss two types of short-run  deviations in the money supply from a desired growth path:  (1) a random shift in the demand for money, which should be  accommodated; (2) a deviation reflecting changes in the  arguments of the demand-for-money function, which would  require an offsetting change in short-term interest rates  from the viewpoint of stabilization policy. The focus of  the study is on case two. The simulated response of  aggregate demand to two such deviations of the same  magnitude but differing duration is compared in two models:  the latest version of RDX2 and a monetarist reduced-form  model. This permits the estimation of a possible range with  respect to the magnitude and timing of changes in aggregate  spending due to deviations from a desired monetary growth  path.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/4256},
      doi = {https://doi.org/10.34989/tr-12},
}