Optimal control of the money supply 公开 Deposited

Creator Series Issue number
  • 200
Date Created
  • 1982-05
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.

Subject (JEL) 关键词 贡献者 Date Modified
  • 03/15/2018
Publisher
  • Federal Reserve Bank of Minneapolis. Research Division.
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