Working Papers

April 1974, No. 74-2

Alternative Optimal Open Market Strategies: A Classical Optimization Certainty Equivalence Approach

Joseph M. Crews

The Federal Reserve System has historically been criticized for placing too much emphasis on insuring the short-run stability of financial markets and too little emphasis on real sector goals.

Our Research Focus: Inflation and Monetary Policy

Contact Us


Lisa Kenney
(804) 697-8179