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Optimal Economic Policy and the Problem of Instrument Instability

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  • Holbrook, Robert S

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  • Holbrook, Robert S, 1972. "Optimal Economic Policy and the Problem of Instrument Instability," American Economic Review, American Economic Association, vol. 62(1), pages 57-65, March.
  • Handle: RePEc:aea:aecrev:v:62:y:1972:i:1:p:57-65
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    Cited by:

    1. Charles Freedman, 1981. "Some Theoretical Aspects of Base Control," NBER Working Papers 0650, National Bureau of Economic Research, Inc.
    2. Issing, Otmar, 2014. "Forward guidance: A new challenge for central banks," SAFE White Paper Series 16, Goethe University Frankfurt, Research Center SAFE - Sustainable Architecture for Finance in Europe.
    3. Läufer, Nikolaus K. A., 1976. "Unsicherheit, Friedmansche Regel und optimale Wirtschaftspolitik," Discussion Papers, Series I 91, University of Konstanz, Department of Economics.
    4. International Monetary Fund, 2005. "Inflation Targeting and Output Growth; Empirical Evidence for the European Union," IMF Working Papers 05/89, International Monetary Fund.
    5. Robert Marti, 1995. "Spécification des préférences implicites en matière de politique économique française, 1981-1991," Économie et Prévision, Programme National Persée, vol. 119(3), pages 1-11.
    6. T. Christopher Canavan, 1995. "Can Ignorance Make Central Banks Behave?," Boston College Working Papers in Economics 291., Boston College Department of Economics.
    7. J.-P. Guérin & B. Lamrani & B.-A. Oudet, 1975. "Commandabilité d'un système dynamique linéaire," Revue Économique, Programme National Persée, vol. 26(5), pages 839-847.
    8. David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters,in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190 National Bureau of Economic Research, Inc.
    9. Brayton, Flint & Tinsley, P. A., 1996. "Effective interest rate policies for price stability," Economic Modelling, Elsevier, vol. 13(2), pages 289-314, April.
    10. Robert B. Litterman, 1982. "Optimal control of the money supply," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall.
    11. Oehmke, James F., 1986. "Persistent Underinvestment in Public Agricultural Research," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 1(1).
    12. Benjamin M. Friedman, 1988. "Targets and Instruments of Monetary Policy," NBER Working Papers 2668, National Bureau of Economic Research, Inc.
    13. Marcin Kolasa, 2015. "On the Limits of Macroprudential Policy," 2015 Meeting Papers 207, Society for Economic Dynamics.
    14. Robert H. Rasche, 1993. "Monetary aggregates, monetary policy and economic activity," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 1-35.
    15. Jacob A. Frenkel & Morris Goldstein & Paul R. Masson, 2017. "The Rationale for, and Effects of, International Economic Policy Coordination," World Scientific Book Chapters,in: TRADE CURRENCIES AND FINANCE, chapter 7, pages 241-298 World Scientific Publishing Co. Pte. Ltd..
    16. Edward K. Offenbacher & Richard D. Porter & Georg Rich, 1983. "Empirical comparisons of credit and monetary aggregates using vector autoregressive methods," Economic Review, Federal Reserve Bank of Richmond, issue Nov, pages 16-29.
    17. Robert Marti, 1995. "Révélation de la fonction de bien-être du politique et instabilité de la fonction de popularité," Revue Économique, Programme National Persée, vol. 46(3), pages 879-887.
    18. Charles Freedman, 1981. "Monetary Aggregates as Targets: Some Theoretical Aspects," NBER Working Papers 0775, National Bureau of Economic Research, Inc.

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