Optimal control of the money supply
By: Robert B. Litterman
Series: Federal Reserve Bank of Minneapolis, Research Department staff report -- 82; Staff report (Federal Reserve Bank of Minneapolis. Research Department : Online) -- 82.
Publisher: Federal Reserve Bank of Minneapolis
Published: 1983
Place of publication: Minneapolis, Minn.]
Language: eng
Format: [electronic resource] /
Subjects: Money supply; Mathematical models; Interest rates; Monetary policy
Description: "Using optimal control theory and a vector autoregressive representation of the relationship between money and interest rates, one can derive a feedback control procedure which defines the best possible tradeoff between money supply fluctuations and interest rate volatility and which could be used to reduce both from their current levels"--Federal Reserve Bank of Minneapolis web site.
Notes: Title from PDF file as viewed on 10/26/2007.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.