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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. Carl E. Walsh, 2022. "Inflation Surges and Monetary Policy," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 40, pages 39-66, November.
    2. Kolasa Marcin, 2021. "On the Limits of Macroprudential Policy," The B.E. Journal of Macroeconomics, De Gruyter, vol. 21(1), pages 281-307, January.
    3. Charles Freedman, 1981. "Some Theoretical Aspects of Base Control," NBER Working Papers 0650, National Bureau of Economic Research, Inc.
    4. International Monetary Fund, 2005. "Inflation Targeting and Output Growth: Empirical Evidence for the European Union," IMF Working Papers 2005/089, International Monetary Fund.
    5. Issing, Otmar, 2014. "Forward guidance: A new challenge for central banks," SAFE White Paper Series 16, Leibniz Institute for Financial Research SAFE.
    6. Läufer, Nikolaus K. A., 1976. "Unsicherheit, Friedmansche Regel und optimale Wirtschaftspolitik," Discussion Papers, Series I 91, University of Konstanz, Department of Economics.
    7. 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.
    8. T. Christopher Canavan, 1995. "Can Ignorance Make Central Banks Behave?," Boston College Working Papers in Economics 291., Boston College Department of Economics.
    9. Kazumi Asako, 2023. "On Sustainability of Selective Macroeconomic Problems," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 19(3), pages 1-24, October.
    10. 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.
    11. 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.
    12. Gáti, Laura, 2023. "Monetary policy & anchored expectations—An endogenous gain learning model," Journal of Monetary Economics, Elsevier, vol. 140(S), pages 37-47.
    13. Brayton, Flint & Tinsley, P. A., 1996. "Effective interest rate policies for price stability," Economic Modelling, Elsevier, vol. 13(2), pages 289-314, April.
    14. Robert B. Litterman, 1982. "Optimal control of the money supply," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 6(Fall).
    15. Benjamin M. Friedman, 1988. "Targets and Instruments of Monetary Policy," NBER Working Papers 2668, National Bureau of Economic Research, Inc.
    16. Robert H. Rasche, 1993. "Monetary aggregates, monetary policy and economic activity," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 1-35.
    17. Adrian W. Throop, 1985. "Current fiscal policy: is it stimulating investment or consumption?," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 19-44.
    18. 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..
    19. Edward 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, vol. 69(Nov), pages 16-29.
    20. 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.
    21. Charles Freedman, 1981. "Monetary Aggregates as Targets: Some Theoretical Aspects," NBER Working Papers 0775, National Bureau of Economic Research, Inc.

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