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Abstract: A Comparison of Alternative Approaches to Monetary Control

Published online by Cambridge University Press:  19 October 2009

William R. McDonough  and
Clifford L. Fry
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Extract

Theoretically the money stock could be controlled by targeting, either a reserve aggregate or the Federal funds rate. In practice, however, one strategy might be more effective than the other if the relationship between its operating variable and the money stock was more predictable.

Type
Abstracts of Conference Papers: Financial Institutions
Information
Journal of Financial and Quantitative Analysis , Volume 12 , Issue 4 , November 1977 , pp. 649
Copyright
Copyright © School of Business Administration, University of Washington 1977

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