IDEAS home Printed from https://ideas.repec.org/a/cto/journl/v5y1986i3p849-876.html
   My bibliography  Save this article

The Knowledge Problem under Alternative Monetary Regimes

Author

Listed:
  • William N. Butos

Abstract

No abstract is available for this item.

Suggested Citation

  • William N. Butos, 1986. "The Knowledge Problem under Alternative Monetary Regimes," Cato Journal, Cato Journal, Cato Institute, vol. 5(3), pages 849-876, Winter.
    • Handle: RePEc:cto:journl:v:5:y:1986:i:3:p:849-876
    as

    Download full text from publisher

    File URL: http://www.cato.org/sites/cato.org/files/serials/files/cato-journal/1986/1/cj5n3-11.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lombra, Raymond & Moran, Michael, 1980. "Policy advice and policymaking at the federal reserve," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 13(1), pages 9-68, January.
    2. Michael L. Mussa & Paul A. Volcker & James Tobin, 1994. "Monetary Policy," NBER Chapters, in: American Economic Policy in the 1980s, pages 81-164, National Bureau of Economic Research, Inc.
    3. William Poole, 1969. "Optimal choice of monetary policy instruments in a simple stochastic macro model," Special Studies Papers 2, Board of Governors of the Federal Reserve System (U.S.).
    4. King, Robert G., 1983. "On the economics of private money," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 127-158.
    5. Fama, Eugene F., 1980. "Banking in the theory of finance," Journal of Monetary Economics, Elsevier, vol. 6(1), pages 39-57, January.
    6. Cagan, Phillip, 1982. "The Choice among Monetary Aggregates as Targets and Guides for Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(4), pages 661-686, November.
    7. Girton, Lance & Roper, Don E, 1981. "Theory and Implications of Currency Substitution," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 13(1), pages 12-30, February.
    8. Shughart, William F, II & Tollison, Robert D, 1983. "Preliminary Evidence on the Use of Inputs by the Federal Reserve System," American Economic Review, American Economic Association, vol. 73(3), pages 291-304, June.
    9. Johannes, James M. & Rasche, Robert H., 1979. "Predicting the money multiplier," Journal of Monetary Economics, Elsevier, vol. 5(3), pages 301-325, July.
    10. Anatol Balbach, 1981. "How controllable is money growth," Review, Federal Reserve Bank of St. Louis, vol. 63(Apr), pages 3-12.
    11. Karl Brunner, 1983. "Has Monetarism Failed?," Cato Journal, Cato Journal, Cato Institute, vol. 3(1), pages 23-62, Spring.
    12. Klein, Benjamin, 1974. "The Competitive Supply of Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(4), pages 423-453, November.
    13. Rolnick, Arthur J. & Weber, Warren E., 1984. "The causes of free bank failures : A detailed examination," Journal of Monetary Economics, Elsevier, vol. 14(3), pages 267-291, November.
    14. Lombra, Raymond & Struble, Frederick, 1979. "Monetary Aggregate Targets and the Volatility of Interest Rates: A Taxonomic Discussion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 284-300, August.
    15. William Poole, 1970. "Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(2), pages 197-216.
    16. Rolnick, Arthur J & Weber, Warren E, 1983. "New Evidence on the Free Banking Era," American Economic Review, American Economic Association, vol. 73(5), pages 1080-1091, December.
    17. Greenfield, Robert L & Yeager, Leland B, 1983. "A Laissez-Faire Approach to Monetary Stability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 15(3), pages 302-315, August.
    18. Friedman, Milton, 1982. "Monetary Policy: Theory and Practice," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(1), pages 98-118, February.
    19. Rockoff, Hugh, 1974. "The Free Banking Era: A Reexamination," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(2), pages 141-167, May.
    20. Lawrence H. White, 1983. "Competitive Money, Inside and Out," Cato Journal, Cato Journal, Cato Institute, vol. 3(1), pages 281-304, Spring.
    21. Arthur F. Burns, 1978. "Reflections of an Economic Policy Maker," Books, American Enterprise Institute, number 725136, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ryan H. Murphy, 2013. "A Comparative Analysis of Free Banking and Central Bank NGDP Targeting," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 29(Fall 2013), pages 25-39.
    2. Alexander W. Salter & Daniel J. Smith, 2017. "What You Don'T Know Can Hurt You: Knowledge Problems In Monetary Policy," Contemporary Economic Policy, Western Economic Association International, vol. 35(3), pages 505-517, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Benjamin M. Friedman, 1988. "Targets and Instruments of Monetary Policy," NBER Working Papers 2668, National Bureau of Economic Research, Inc.
    2. Bordo, Michael D., 1986. "Explorations in monetary history: A survey of the literature," Explorations in Economic History, Elsevier, vol. 23(4), pages 339-415, October.
    3. Gersbachd, Hans, 1998. "Liquidity Creation, Efficiency, and Free Banking," Journal of Financial Intermediation, Elsevier, vol. 7(1), pages 91-118, January.
    4. Eduardo A. Morón, 1992. "La demanda por múltiples monedas: un enfoque de portafolio," Apuntes. Revista de ciencias sociales, Fondo Editorial, Universidad del Pacífico, vol. 19(31), pages 19-28.
    5. Visser, H., 1989. "The monetary order," Serie Research Memoranda 0003, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    6. Carl E. Walsh, 1982. "The effects of alternative operating procedures on economic and financial relationships," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 133-180.
    7. Charles Freedman, 1981. "Some Theoretical Aspects of Base Control," NBER Working Papers 0650, National Bureau of Economic Research, Inc.
    8. Jürgen Von Hagen & Ingo Fender, 1998. "Central Bank Policy in a More Perfect Financial System," Open Economies Review, Springer, vol. 9(1), pages 493-532, January.
    9. P. D. Jonson & R. W. Rankin, 1986. "On Some Recent Developments in Monetary Economics," The Economic Record, The Economic Society of Australia, vol. 62(3), pages 257-267, September.
    10. Benjamin M. Friedman, 1982. "Using a credit aggregate target to implement monetary policy in the financial environment of the future," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 223-265.
    11. Laurence Scialom, 1995. "Les modèles de paiements concurrentiels : éléments d'analyse critique ," Revue Économique, Programme National Persée, vol. 46(1), pages 35-55.
    12. E.J. Weber, 1990. "The Competitive Issue of Paper Money in Switzerland after the Liberal Revolutions in the 19th Century," Economics Discussion / Working Papers 90-19, The University of Western Australia, Department of Economics.
    13. Marcel Canoy & Machiel van Dijk & Jan Lemmen & Ruud de Mooij & Jürgen Weigand, 2001. "Competition and stability in banking," CPB Document 15.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    14. Ricardo de O. Cavalcanti & Andres Erosa & Ted Temzelides, 1999. "Private Money and Reserve Management in a Random-Matching Model," Journal of Political Economy, University of Chicago Press, vol. 107(5), pages 929-945, October.
    15. Goodhart, Charles, 1989. "The Conduct of Monetary Policy," Economic Journal, Royal Economic Society, vol. 99(396), pages 293-346, June.
    16. Hugh Rockoff, 1991. "Lessons from the American Experience with Free Banking," Palgrave Macmillan Books, in: Forrest Capie & Geoffrey E. Wood (ed.), Unregulated Banking, chapter 3, pages 73-129, Palgrave Macmillan.
    17. David E. Lindsey & Athanasios Orphanides & Robert H. Rasche, 2013. "The Reform of October 1979: How It Happened and Why," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 487-542.
    18. Horwitz Steven & Bodenhorn Howard, 1994. "A Property Rights Approach to Free Banking," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 5(4), pages 1-16, December.
    19. Daniel R. Sanches, 2016. "The Free-Banking Era: A Lesson for Today?," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 1(3), pages 9-14, July.
    20. Arthur J. Rolnick & Warren E. Weber, 1986. "Inherent Instability in Banking: The Free Banking Experience," Cato Journal, Cato Journal, Cato Institute, vol. 5(3), pages 877-890, Winter.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cto:journl:v:5:y:1986:i:3:p:849-876. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emily Ekins (email available below). General contact details of provider: https://edirc.repec.org/data/catoous.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.