Has the Federal Reserve Shifted from a Policy of Interest Rate Targets to a Policy of Monetary Aggregate Targets?

Edgar L. Feige · Robert T. McGee

27 citations0/0 files storedJournal of money credit and banking

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

Abstract

Edgar L. Feige, Robert McGee, Has the Federal Reserve Shifted from a Policy of Interest Rate Targets to a Policy of Monetary Aggregate Targets?, Journal of Money, Credit and Banking, Vol. 11, No. 4 (Nov., 1979), pp. 381-404

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References

2010Investigating Causal Relations by Econometric Models and Cross-Spectral Methods 1972MONEY, INCOME, AND CAUSALITY 1976A Classical Macroeconometric Model for the United States 1978Testing the exogeneity specification in the complete dynamic simultaneous equation model 1963Free Reserves and the Money Supply 1971The money supply process 1966A model of Federal Reserve behavior 1977Monetary control and the federal funds rate

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1984Forecasting with Vector Autoregressions versus a Univariate ARIMA Process: An Empirical Example with U.S. Hog Prices 1981The Federal Reserve System and Control of the Money Supply in the 1970s 1983Monetary policy with a credit aggregate target 1983Using a Credit Aggregate Target to Implement Monetary Policy in the Financial Environment of the Future

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