Journal Article
The monetary responsibilities of a central bank
Abstract: This article provides an analytical framework for discussing the monetary responsibilities of a central bank. The framework shows how the central bank gives the price level a well-defined equilibrium value and how the central bank causes this equilibrium value to change over time.
Keywords: Monetary policy; Banks and banking, Central; Money supply;
Access Documents
File(s): File format is application/pdf https://fraser.stlouisfed.org/files/docs/publications/frbrichreview/rev_frbrich198809.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1988
Volume: 74
Issue: Sep
Pages: 19-31