; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Monetary Targeting in a Dynamic Macro Model"; ; "batchuser@example.com"; "Roberds, William"; "Federal Reserve Bank of Minneapolis"; "Monetary targeting", "Rational expectations", "Macroeconomic model", "Monetary policy"; "E52 - Monetary Policy", "C61 - Optimization Techniques; Programming Models; Dynamic Analysis"; "The consequences of a straightforward monetary targeting scheme are examined for a simple dynamic macro model. The notion of \"targeting\" used below is the strategic one introduced by Rogoff (1985). Numerical simulations are used to demonstrate that for the model under consideration, monetary targeting is likely to lead to a deterioration of policy performance. These examples cast doubt upon the general efficacy of simple targeting schemes in dynamic rational expectations models."^^; "1986-02"; "2018-03-13T20:42:43.152240297+00:00"^^; "https://doi.org/10.21034/wp.298"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-09-08T20:15:31.570939903+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "659"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "298"; "Rational expectations", "Macroeconomic model", "Monetary targeting", "Monetary policy"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "An updated version of this Working Paper is available as [Staff Report 111](https://doi.org/10.21034/sr.111)."^^; ; "Publication" . ; .