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Can the Reserves Approach to Monetary Control Really Work?

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  • Johannes, James M
  • Rasche, Robert H

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  • Johannes, James M & Rasche, Robert H, 1981. "Can the Reserves Approach to Monetary Control Really Work?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 13(3), pages 298-313, August.
  • Handle: RePEc:mcb:jmoncb:v:13:y:1981:i:3:p:298-313
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    Citations

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    Cited by:

    1. Gillian Garcia, 1984. "The right rabbit: Which intermediate target should the Fed pursue?," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 8(May), pages 15-31.
    2. K. T. Davis & M. K. Lewis, 1982. "Can Monetary Policy Work in a Deregulated Capital Market?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 15(1), pages 9-21, April.
    3. Muhammad Arshad Khan, 2010. "Testing of money multiplier model for Pakistan: does monetary base carry any information?," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 9, pages 1-20, February.
    4. David E. Lindsey & Athanasios Orphanides & Robert H. Rasche, 2013. "The Reform of October 1979: How It Happened and Why," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 487-542.
    5. Edward J. Kane, 1982. "Selecting monetary targets in a changing financial environment," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 181-222.
    6. Benjamin M. Friedman, 1982. "Using a credit aggregate target to implement monetary policy in the financial environment of the future," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 223-265.
    7. Barbosa, Fernando de Holanda, 1990. "Mercado aberto brasileiro: análise dos procedimentos operacionais," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 160, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    8. Goodhart, Charles, 1989. "The Conduct of Monetary Policy," Economic Journal, Royal Economic Society, vol. 99(396), pages 293-346, June.
    9. Robert B. Avery & Myron L. Kwast, 1993. "Money and interest rates under a reserves operating target," Economic Review, Federal Reserve Bank of Cleveland, vol. 29(Q II), pages 24-34.
    10. Joseph G. Haubrich & Paul Wachtel, 1993. "Capital requirements and shifts in commercial bank portfolios," Economic Review, Federal Reserve Bank of Cleveland, vol. 29(Q III), pages 2-15.
    11. Jha, Raghbendra & Prasad Rath, Deba, 2001. "On the Endogeneity of the Money Multiplier in India," Departmental Working Papers 2001-01, The Australian National University, Arndt-Corden Department of Economics.
    12. Robert L. Hetzel, 1986. "A critique of theories of money stock determination," Working Paper 86-06, Federal Reserve Bank of Richmond.
    13. K. Moses Tule & O. Taiwo Ajilore, 2016. "On the stability of the money multiplier in Nigeria: Co-integration analyses with regime shifts in banking system liquidity," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1187780-118, December.
    14. Moosa, Imad A. & Vaz, John, 2018. "Direct and Indirect Forecasting of Cross Exchange Rates," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 71(2), pages 173-190.
    15. Seghezza, Elena & Morelli, Pierluigi, 2020. "Why the money multiplier has remained persistently so low in the post-crisis United States?," Economic Modelling, Elsevier, vol. 92(C), pages 309-317.
    16. Levrero, Enrico Sergio & Deleidi, Matteo, 2017. "The money creation process: A theoretical and empirical analysis for the US," MPRA Paper 81970, University Library of Munich, Germany.
    17. Polster, Rainer & Gottschling, Andreas, 1999. "Stability issues in German money multiplier forecasts," Research Notes 99-8, Deutsche Bank Research.

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