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Rational Optimizing, Monetary Theory, and Welfare

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  • William Walter Brown
  • Gary J. Santoni

Abstract

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Suggested Citation

  • William Walter Brown & Gary J. Santoni, 1986. "Rational Optimizing, Monetary Theory, and Welfare," Cato Journal, Cato Journal, Cato Institute, vol. 5(3), pages 949-955, Winter.
    • Handle: RePEc:cto:journl:v:5:y:1986:i:3:p:949-955
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    References listed on IDEAS

    as
    1. John B. Taylor, 1982. "The role of expectations in the choice of monetary policy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 47-95.
    2. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-254, April.
    3. Dallas S. Batten & Courtenay C. Stone, 1983. "Are monetarists an endangered species?," Review, Federal Reserve Bank of St. Louis, vol. 65(May), pages 5-16.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

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

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