Monetary Control Under Lagged Reserve Accounting.
In this paper we show that accurate money stock control is possible only under assumptions about the form of the money demand function which are probably not satisfied empirically. It follows that, while somewhat more accurate monetary control would be possible if the Federal Reserve were willing to...
| Publicado en: | Southern Economic Journal Vol. 46; no. 2; pp. 460 - 471 |
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| Formato: | Artículo |
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Wiley-Blackwell
Oct79
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| Acceso en línea: | Ver este registro en EBSCOhost |