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Titlebook: Improving Money Stock Control; Problems, Solutions, Laurence H. Meyer Book 1983 Springer Science+Business Media New York 1983 Switzerland.b

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On the Real Effects of Imprecise Monetary Controleffects and outline our approach to analyzing the determinants and implications of policy credibility. In our analysis, we view the money supply as the intermediate target of monetary policy through which the effects of variation in the policy instruments are transmitted to the nominal and real variables policy affects.
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Discussion 1d is unstable are sharp fluctuations in interest rates and a positive association between changes in short-term interest rates and the money supply. Under this interpretation, an argument could be made that Federal Reserve policy has been optimal for stabilizing the economy in the past two years, given the instability in money demand.
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Discussiontrol techniques implemented by the Bank of England. Fifth, it seeks to delimit the range of possible future developments in monetary control procedures in the United Kingdom. This discussion is organized around these five issues.
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Discussion 2ontrol money growth. However, I doubt that this is the perception of participants in the money and credit markets. Nor is it the perception of those who sought to change the old operating procedures to a true reserve targeting procedure. I suspect both of these groups perceive little substantive cha
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