Intermediate targets and indicators for monetary policy
Subtitle: a critical survey
By: Federal Reserve Bank of New York.
Publisher: [Federal Reserve Bank of New York]
Published: 1990
Place of publication: [New York]
Language: eng
Number of pages: 473
Subjects: Monetary policy -- United States.
Description: Over the years, a broad array of mainly financial variables has been proposed for use in formulating and implementing monetary policy. This collection of papers examines the potential value of these various measures as intermediate targets and/or indicators of monetary policy. It includes a review of the Federal Reserve's evolving approach to the use of policy targets and operating guides in the postwar period.
Notes: Includes bibliographical references.