Optimal-Control Monetary Policy in the FRB/US Model

Flint Brayton, Thomas Laubach and David L. Reifschneider

No 2014-11-21-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The question of how best to conduct monetary policy has been studied by economists for a long time. Over the past 25 years or so, attention has focused on systematic approaches to setting the short-term interest rate in a manner that effectively balances policymaker objectives.

Date: 2014-11-21
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2014-11-21-1

DOI: 10.17016/2380-7172.0035

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