The material in this book reflects, in many respects, the culmination of several years of research regarding the measurement of monetary policy. On all the issues addressed in the text, I have thus attempted to provide a perspective of the type that can only be gained from "living with" a topic over an extended time horizon. I have often said that I came to understand the monetary indicators literature only after having written dozens of papers on the subject. This statement may seem a bit trite, but I feel certain that anyone who has waded through this morass (or at least tried to) can fully...

The material in this book reflects, in many respects, the culmination of several years of research regarding the measurement of monetary policy. On all the issues addressed in the text, I have thus attempted to provide a perspective of the type that can only be gained from "living with" a topic over an extended time horizon. I have often said that I came to understand the monetary indicators literature only after having written dozens of papers on the subject. This statement may seem a bit trite, but I feel certain that anyone who has waded through this morass (or at least tried to) can fully...

This book is the first volume of the International Series in Economic Model ing, a series designed to summarize current issues and procedures in applied modeling within various fields of economics and to offer new or alternative approaches to prevailing problems. In selecting the subject area for the first volume, we were attracted by the area to which applied modeling efforts are increasingly being drawn, regional economics and its associated subfields. Applied modeling is a broad rubric even when the focus is restricted to econometric modeling issues. Regional econometric modeling has...