Rules-of-Thumb for Guiding Monetary Policy

William Poole

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Monetary Policy and Economic Impact Banking stability, regulation, efficiency Economic theories and models

Abstract

This article was originally published in the Board of Governors of the Federal Reserve System Open Market Policies and Operating Procedures—Staff Studies, July 1971. It is reprinted here as an addendum to these conference proceedings.

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References

1970Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model 1967Uncertainty and the effectiveness of policy 1968Monetary and Fiscal Actions: A Test of Their Relative Importance in Economic Stabilization 1965Optimal Decision Rules for Government and Industry 1965Optimum Decision Rules for Government and Industry 1972The Demand for Money: Theories and Evidence 2011The Relative Stability of Monetary Velocity and the Investment Multiplier 1970The Demand for Money: Theories and Evidence.

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