The target problem considers the central bank's use of optimal tools and targets for purposes of stabilization and … information to the model of [Berentsen and Waller, 2011], a divide between an interest rate policy and a money stock policy …

financial frictions. The central bank influences the store-of-value function of money through a conventional Taylor rule while … it affects the means-of-exchange function of money through CBDC operations. Peak responses to monetary policy shocks … contributes to stabilising the liquidity premium, thereby affecting bank funding conditions and the opportunity costs of money …

modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …

's demand for money and the supply of money are an important source of economic fluctuations. The second component of this view … is that these deviations are primarily caused by fluctuations in the supply of money rather than the demand for money …, amended to include a money demand function consistent with Friedman's work and a money growth rule, for a period from 1875 …

The quantity theory of money is a theory that the quantity of money matters in income creation. Curiously, this theory … may be developed in two mutually exclusive manners. One is by thinking that the quantity of money that matters in income … creation is the quantity of money “in” circulation because the primary role of money is the role of a “means of exchange.” The …

exchange (money) and thereby inherit monetary properties. This essay describes a simple dynamic model of indirect asset … are standard: assets are imperfect substitutes, asset demand curves slope down, and money is not always neutral. Other …