Linear quadratic optimal control techniques are applied to a simplified reduced form model of the Australian money market to examine the tradeoff between improved monetary control and interest rate variability. We focus on a series of questions. Is quarterly control of the money supply feasible...

Linear quadratic optimal control techniques are applied to a simplified reduced form model of the Australian money market to examine the tradeoff between improved monetary control and interest rate variability. We focus on a series of questions. Is quarterly control of the money supply feasible...

The Report of the Crawford Study Group on Structural Adjustment (March 1979) is reviewed with particular emphasis on the Study Group's concept of an ‘outward looking, export oriented’ manufacturing sector. Reduced protection coupled with facilitative assistance through export...