Discussion Paper
Optimal-Control Monetary Policy in the FRB/US Model
Abstract: The question of how best to conduct monetary policy has been studied by economists for a long time. Over the past 25 years or so, attention has focused on systematic approaches to setting the short-term interest rate in a manner that effectively balances policymaker objectives.
https://doi.org/10.17016/2380-7172.0035
Access Documents
File(s): File format is text/html https://www.federalreserve.gov/econresdata/notes/feds-notes/2014/optimal-control-monetary-policy-in-frbus-20141121.html
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2014-11-21
Number: 2014-11-21-1