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.
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/economic-quarterly-federal-reserve-bank-richmond-960/september-october-1988-477350?page=17
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1988
Volume: 74
Issue: Sep
Pages: 19-31