Title: Optimal control of the money supply
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.
Subjects: Money supply, Mathematical models, Interest rates, Monetary policy
Places: United States