Optimal Weights in a Check‐List of Monetary Indicators*
作者:
PETER J. STEMP,
期刊:
Economic Record
(WILEY Available online 1991)
卷期:
Volume 67,
issue 1
页码: 1-13
ISSN:0013-0249
年代: 1991
DOI:10.1111/j.1475-4932.1990.tb02523.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
A stylized representation of the check‐list approach to monetary policy is developed. In order to examine this approach in a formal framework the literature on optimal money supply rules is extended with the check‐list being interpreted as an optimal money supply rule that depends on many variables and attempts to keep the economy on a preplanned path despite unexpected shocks. The strengths and weaknesses of the check‐list approach are then ex
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