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Federal Reserve System Implementation of Monetary Policy: Analytical Foundations of the New Approach


  • Axilrod, Stephen H
  • Lindsey, David E


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  • Axilrod, Stephen H & Lindsey, David E, 1981. "Federal Reserve System Implementation of Monetary Policy: Analytical Foundations of the New Approach," American Economic Review, American Economic Association, vol. 71(2), pages 246-252, May.
  • Handle: RePEc:aea:aecrev:v:71:y:1981:i:2:p:246-52

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    References listed on IDEAS

    1. Alan J. Auerbach, 1979. "Wealth Maximization and the Cost of Capital," The Quarterly Journal of Economics, Oxford University Press, vol. 93(3), pages 433-446.
    2. Auerbach, Alan J, 1979. "Inflation and the Choice of Asset Life," Journal of Political Economy, University of Chicago Press, vol. 87(3), pages 621-638, June.
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    Cited by:

    1. Bindseil, Ulrich, 2004. "The operational target of monetary policy and the rise and fall of reserve position doctrine," Working Paper Series 372, European Central Bank.
    2. Lindsey, David E. & Orphanides, Athanasios & Rasche, Robert H., 2013. "The Reform of October 1979: How It Happened and Why," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 487-542.
    3. 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.
    4. Bennett T. McCallum & James G. Hoehn, 1982. "Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations," NBER Working Papers 0893, National Bureau of Economic Research, Inc.
    5. Michael Dotsey, 1987. "Monetary control under alternative operating procedures," Working Paper 87-05, Federal Reserve Bank of Richmond.
    6. Michael Dotsey, 1985. "Monetary policy, secrecy, and federal funds rate behavior," Working Paper 85-04, Federal Reserve Bank of Richmond.
    7. Barbosa, Fernando de Holanda, 1990. "Mercado aberto brasileiro: an├ílise dos procedimentos operacionais," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 160, FGV/EPGE - Escola Brasileira de Economia e Finan├žas, Getulio Vargas Foundation (Brazil).
    8. Goodhart, Charles, 1989. "The Conduct of Monetary Policy," Economic Journal, Royal Economic Society, vol. 99(396), pages 293-346, June.

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