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Litterman, Robert B.
Eliminar la restricciónCreador: Litterman, Robert B.
Tipo de recurso
Research Paper
Eliminar la restricciónTipo de recurso: Research Paper
Tema
E51 - Money Supply; Credit; Money Multipliers
Eliminar la restricciónTema: E51 - Money Supply; Credit; Money Multipliers
Tema
E58 - Central Banks and Their Policies
Eliminar la restricciónTema: E58 - Central Banks and Their Policies
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Creator: Litterman, Robert B. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 200 Abstract: Using optimal control theory and a vector autoregressive representation of the relationship between money and interest rates one can derive a feedback control procedure which defines the best possible tradeoff between interest rate volatility and money supply fluctuations and which could be used to reduce both from their current levels.
Palabra clave: Control theory, Inflation, Federal Reserve Bank, Optimal control theory, and Time series analysis Tema: E51 - Money Supply; Credit; Money Multipliers, E40 - Money and Interest Rates: General, and E58 - Central Banks and Their Policies