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 …

'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 …

This paper demonstrates how a target for money growth can be beneficial for an inflation targeting central bank acting … under discretion. Because the growth rate of money is closely related to the change in the interest rate and he growth of … real output, delegating a money growth target to the central bank makes discretionary policy more inertial, leading to …

-run volatility consequences of money stock targeting procedures under current (1981) alternative operating procedures. Conclusions … include: the odds are at least two to one that a portion of the increased money market volatility observed in 1980 cannot be … ascribed solely to current operating procedures. Further there exists a well-behaved trade-off between the volatility of money …

Using New Keynesian models, we compare Friedman's k-percent money supply rule to optimal interest rate setting, with …

Geldpolitik extrahiert, aber die Beziehungen zwischen den makroökonomischen Variablen im System unrestringiert läßt. Die Methode … eignet sich auch zur Konstruktion von Maßen über den Stand der Geldpolitik, welche die Schätzungen für die … den Gesamtreserven sind (Strongin), die beste Wahl zu sein. Wir entwickeln eine neues Maß für den Stand der Geldpolitik …

the period 1969-2000. While the feedback from output gap is always negative, the response of money supply to changes in … determinacy. Viewed through the money supply lens, Federal Reserve policy substantially changed over time, but has never allowed …

deflationary monetary policy where the money supply contracts to offset time discounting. The second implementation pays interest … on money removing the private marginal cost from holding money. We explore the welfare consequences of these two … theoretically equivalent implementations of the Friedman Rule and compare results with two other policy regimes, a constant money …