This volume, the ninth in the series, is a timely sequel to our first proceedings, Controlling Monetary Aggregates. All papers were presented by persons from within the Federal Reserve System; discussants were primarily academicians. The result is, we believe, a unique examination of some of the important questions relating to the implementation of policy decisions.

Contents

Entire Proceedings (8.59MB)

Foreword 
  Frank E. Morris

RPDs as the Target
  Frank E. Morris, with discussion by Deane C. Carson

Money Stock Control 
  Albert E. Burger, with discussion by James S. Duesenberry

The Problems of the Open Market Manager 
  Alan R. Holmes, with discussion by Jack M. Guttentag

Role of Projections and Data Evaluation with Monetary Aggregates as Policy Targets
  Stephen H. Axilrod and Darwin L. Beck, with discussion by Karl Brunner

Some Issues in Controlling the Stock of Money
  James L. Pierce and Thomas D. Thomson, with discussion by John H. Kareken

The Appropriate Time Frame for Controlling Monetary Aggregates: The St. Louis Evidence
  Leonall C. Andersen and Denis S. Karnosky, with discussion by Benjamin M. Friedman