On the Optiml Variance of Money

Denicolò, Vincenzo (1989) On the Optiml Variance of Money. Bologna: Dipartimento di Scienze economiche DSE, p. 14. DOI 10.6092/unibo/amsacta/5336. In: Quaderni - Working Paper DSE (74). ISSN 2282-6483.
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Abstract

This paper analyses some monetary policy issues in a model of business cycle derived from Lucas (1972). We show that an autoregressive monetary policy rule may dominate a k-percent rule, and that the optimal monetary policy is characterised by an infinite amount of noise.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Denicolò, Vincenzo0000-0001-8371-4241
Subjects
ISSN
2282-6483
DOI
Deposit date
19 Jul 2016 13:44
Last modified
19 Jul 2016 13:44
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