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Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model

Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model Abstract I. Introduction, 197. — II. The instrument problem, 199. — III. A static stochastic model, 203.— IV. The combination policy, 208. — V. A dynamic model, 209. — VI. Concluding observations, 214. — Appendix, 215. * " An earlier version of this paper was presented at the December 1967 meetings of the Econometric Society, and I am indebted to my discussant at the meetings, Donald P. Tucker, for many useful comments. I am also indebted to Carl F. Christ, Jurg Niehans, William H. Oakland, and the referees of this journal for their valuable comments. Unfortunately, I am unable to pass off responsibility for any remaining errors to the above-named individuals. This content is only available as a PDF. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Quarterly Journal of Economics Oxford University Press

Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model

The Quarterly Journal of Economics , Volume 84 (2) – May 1, 1970

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Publisher
Oxford University Press
ISSN
0033-5533
eISSN
1531-4650
DOI
10.2307/1883009
Publisher site
See Article on Publisher Site

Abstract

Abstract I. Introduction, 197. — II. The instrument problem, 199. — III. A static stochastic model, 203.— IV. The combination policy, 208. — V. A dynamic model, 209. — VI. Concluding observations, 214. — Appendix, 215. * " An earlier version of this paper was presented at the December 1967 meetings of the Econometric Society, and I am indebted to my discussant at the meetings, Donald P. Tucker, for many useful comments. I am also indebted to Carl F. Christ, Jurg Niehans, William H. Oakland, and the referees of this journal for their valuable comments. Unfortunately, I am unable to pass off responsibility for any remaining errors to the above-named individuals. This content is only available as a PDF.

Journal

The Quarterly Journal of EconomicsOxford University Press

Published: May 1, 1970

There are no references for this article.