High employment, rising output of goods and services, and relatively stable prices are three
widely accepted national economic goals. Responsibility for economic stabilization actions …

… 3 Andersen and Jordan tried several measures of fiscal actions in their basic equation. The
… 37-51, and the discussion of that paper by Leonall C. Andersen, pp. 52-55. See also Henry …

THIS PAPER REPORTS the results of an investigation we have conducted regarding two
aspects of commercial bank portfolio management. With regard to the first aspect, two …

The monetary base recently has achieved prominence as a measure of monetary influence
on the economy. Other aggregates often used are the money stock defined as currency plus …

DURING THE EARLY 1960's a framework of economic analysis stressing the role of
monetary aggregates was developed at the Federal Reserve Bank of St. Louis. Originally this …

As indicated by the title, the purpose of the paper is to discuss those issues which appear to
have divided economists into two camps: monetarist and post-Keynesian. To further this …

Over the past several years, the Federal System has paid increased attention to monetary
aggregates as a means to achieve the ultimate national employment and price goals. …

… For a discussion of the monetary base see: Leonall C. Andersen and Jerry L. Jordan, “The
Monetary Base — Explanation and Analytical Use,” this Review, August 1968. …

Since the mid-1960s increasing attention has been paid to the effect of monetary actions on
the pattern of economic activity. An important issue has been the role of monetary …

Recent studies of money-supply determination have led to conclusions that the Federal
Reserve through its open-market transactions can control certain variables which are closely …