IDEAS home Printed from https://ideas.repec.org/p/fip/fedmsr/111.html
   My bibliography  Save this paper

Monetary targeting in a dynamic macro model

Author

Listed:
  • William Roberds

Abstract

The consequences of a straightforward monetary targeting scheme are examined for a simple dynamic macro model. The notion of ?targeting? used is the strategic one introduced by Rogoff (1985). Numerical calculations are used to demonstrate that for the model under consideration, monetary targeting is likely to lead to a deterioration of policy performance. These examples cast doubt upon the general efficacy of simple targeting schemes in dynamic rational expectations models.

Suggested Citation

  • William Roberds, 1987. "Monetary targeting in a dynamic macro model," Staff Report 111, Federal Reserve Bank of Minneapolis.
    • Handle: RePEc:fip:fedmsr:111
    as

    Download full text from publisher

    File URL: http://minneapolisfed.org/research/sr/sr111.pdf
    Download Restriction: no
    File URL: http://minneapolisfed.org/research/common/pub_detail.cfm?pb_autonum_id=392
    Download Restriction: no
    ---><---

    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:fip:fedmsr:111. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Jannelle Ruswick (email available below). General contact details of provider: https://edirc.repec.org/data/cfrbmus.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.