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Stabilizing Monetary-Injection Policies
Journal of Economic Theory, 2001zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Jerry L. Bona, Jenny X. Li
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Some Essentials of Monetary Stability [PDF]
E will agree, I think, that monetary stability is not an end in itself. What we desire is to promote and maintain a prosperous level of trade and employment. Our objective is economic stability, and monetary stability is important only as a means to that objective. We all know that money itself is not wealth-we cannot eat it, we cannot wear it, it will
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Monetary Stabilization and the Informational Value of Monetary Aggregates
Journal of Political Economy, 1982A simple stochastic model is developed which demonstrates that information on the nominal value of money conveys sufficient information about the disturbance to currency and deposit demand so that monetary prices, such as adjusting the level of bank reserves, have no impact on the dispersion of price level forecast errors.
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On Monetary Stability and Monetary Reform
1989The organizers have asked an important question, in my view, one of the most important questions - or more accurately set of questions - that can be asked of economists. How do we achieve greater stability? How big are the instabilities now, and how many of them are caused, or magnified, by current policy arrangements?
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